In see-saw trade, Nifty edges up by six pts to end at 6,055.75


In a see-saw but narrow range of trade ahead of expiry of derivatives contract tomorrow, the S&P CNX Nifty of the National Stock Exchange closed slightly better by nearly six points at 6,055.75.

Shares from Realty, MNC and Energy segments mainly attracted good buying support while from Infra and Auto suffered a setback on profit booking.

Private banking counters were in demand while state-run banks lost ground.

Brokers attributed narrow movements and nearly flat closing to alternate bouts of buying and selling ahead of the expiry January series tomorrow. Operators were also seen rolling over their positions to the next series.

The 50-issue Nifty moved in a narrow breadth of 6,071.95 and 6,044.15 before concluding at 6,055.75, a net rise of 5.85 points or 0.10 pct. Yesterday, it was closed down by 24.90 points or 0.41 pct after the central bank cut key policy rates and cash reserve ratio (CRR) by 25 basis points.

Foreign Institutional Investors (FIIs) yesterday picked up shares worth Rs 1,006.20 crore, as per Sebi data.

Realty major DLF was the top gainer from the Nifty pack with a rise of 3.09 pct. Other four major gainers were Cipla 2.48 pct, HUL 1.90 pct, Sesa Goa 1.88 pct and RIL 1.87 pct.

However, top five losers were GAIL India 3.25 pct, PNB 2.98 pct, Tata Power 2.91 pct, L&T 1.93 pct and Jindal Steel 1.85 pct.

Turnover in the cash segment dipped to Rs 12,065.40 crore from Rs 14,975.34 crore yesterday. A total of 7,065.02 lakh shares changed hands in 61,14,380 trades. The total market capitalisation stood at Rs 68,41,572 crore.

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