In a sudden turnaround,shares spurted on the National Stock Exchange today on heavy buying amid global cues that lifted the benchmark CNX-Nifty by 141.25 points. The mood was highly upbeat on strong cues from Asian markets and firm openings in Europe on reports that the IMF may help in easing the euro-zone debt crisis. The market opened sharply higher with buying coming from across the sectors lifting the key-index above the 4,800-mark. Shares went on to consolidate the gains as the session progressed and all the sectoral indices also ended in green. The shares of companies engaged in retail sector,however,witnessed heavy profit-booking along with select two-wheeler stocks. "Besides global cues,value-buying along with short-covering contributed to today's rally," traders said. The 50-share Nifty hit an intra-day high of 4,859.10 before closing at 4,851.30,a massive gain of 141.25 points,or 3.00 per cent,over its previous close. Hindalco,IDFC,ACC,JP Associates,Kotak Bank,Tata Motors,Sesa Goa,HDFC,PNB and Sun Pharma were the top gainers from Nifty. However,Bajaj Auto and Hero Motcorp registered losses. Turnover in cash segment fell to Rs 8,642.63 crore compared to Rs 9,939.56 crore last Friday. A total of 5,397.11 lakh shares changed hands in 50,67,126 trades. The market capitalisation stood at Rs 55,77,343 crore.
