TIL Desk/Business/Mumbai/ The benchmark Nifty trimmed its initial gains to end flat with modest gain of 10 points at 9,438 on the opening day of the expiry week of futures and options May contract.
While, FMCG, IT and infra stocks gained, PSU banks, pharma, realty, energy and metal stocks contributed most in fall of Nifty. Overseas, most European stocks were trading higher as investors digested a multi-billion dollar merger in the chemicals industry. While Asian equities ended mixed.
The NSE 50-share Nifty index opened higher at 9,480.25 and hovered between 9,498.65 and 9,427.90 before finishing at 9,438.25, a modest rise of 10.35 points, or 0.11 per cent. It saw an intra-day movement of about 70.75 points.
Sector-wise, FMCG rose (3.60 per cent) IT (0.46 per cent) and infra (0.15 per cent). While, PSU banks fell (4.17 per cent), pharma (1.94 per cent), realty (1.47 per cent), energy (0.80 per cent), auto (0.67 per cent), metal (0.57 per cent), banks (0.51 per cent) and financial services (0.54 per cent).
