Nifty ends flat on weak global cues

Mumbai: Benchmark Nifty ended flat on Friday at 10,085.40 points on weak global cues after North Korea launched another missile over Japan.

Asian and European shares dipped after North Korea’s latest missile launch, demonstrating Pyongyang’s defiance against intensifying UN sanctions.

The key indices traded volatile, tracking lower Asian peers, but rebounded in the final hour on buying in IT, auto and metal counters.

The Nifty opened lower at 10,062.35 and moved in a range of 10,115.15 and 10,043.65 before closing at 10,085.40, a marginal loss of 1.20 points, or 0.01 per cent. It saw an intra-day movement of about 71.50 points.

Sector-wise, Infra fell 0.51 per cent, followed by PSU Bank 0.50 per cent, FMCG 0.48 per cent, Pharma 0.46 per cent, Private Bank 0.34 per cent, Realty 0.33 per cent and Bank 0.27 per cent.

Gainers included CPSE 1.01 per cent, IT 0.99 per cent, Metal 0.35 per cent, Media 0.32 per cent and Auto 0.21 per cent. Major index losers were Dr Reddy’s, IndusInd Bank, ACC, Tata Power and Aurobindo Pharma. Gainers were ONGC, Bajaj Auto, Coal India, Infosys and Bharti Infratel.

A total of 690 scrips advanced, 991 declined while 77 remained unchanged. Total securities that hit their price bands were 144. Turnover in the cash segment jumped to Rs 34,741.23 crore from Rs 27,692.34 crore yesterday.

A total of 16,008.17 lakh shares changed hands in 11,347,991 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,34,15,936 crore.