The bourses continued the forward momentum on the back of bullish fund action enduring all the macro negative factors as the benchmark S&P CNX-Nifty ended higher by 33 points at the National Stock Exchange (NSE). The 50-share index oscillated between 5,709.10 and 5,543.20 before finishing at 5,687.25,up by 33.00 points,or 0.58 per cent,from its last close. Trading began on a sluggish note on the back of mixed Asian cues but soon overcame the initial weakness and the key-index quickly bounced back to trade higher. Being the expiry week,the market showed volatility but sustained fund input took the key index to surpass the psychological 5,700 mark in mid-afternoon trade. However,profit booking was witnessed in last week's flavour as IT along with Pharma and Realty counters eroded some gains. "The optimistic and consistent FII inflow is supporting the market at this moment and thus helping to endure near-term negative macro concerns," they added. Tata Motors,Bharti Airtel,IDFC,L&T,Maruti,Wipro,Hindunilever,Axis Bank,HDFC Bank and PowerGrid were the top gainers from the Nifty. However,Sun pharma,GAIL,JP Associates,RCom,Sesa Goa,DLF,BPCL and Ranbaxy registered losses. Total turnover in cash segment firmed up to Rs 12,421 crore from Rs 12,105 crore last Friday. A total of 6,500.97 lakh shares changed hands in 55,12,139 trades. The market capitalisation stood at Rs 65,46,247 crore.
