TIL Desk/Business/Mumbai/ Key stock index Nifty pushed up for second consecutive session on uninterrupted buying, mainly in FMCG, pharma and metal sectors, as global cues ruled firm. The positive global leads came as a sentiment driver and continued value buying across sectors barring PSU banks and media helped the Nifty end above the 10,250 mark.
The buying momentum was backed by hopes that the ruling Bharatiya Janata Party (BJP) would win the critical state election in Gujarat beginning this weekend. European markets were trading higher as investors reacted to the latest developments on Brexit negotiations. Asian stocks ended higher following a broad-based rally in US equities.
The NSE Nifty opened higher at 10,198.45 and moved in a range of 10,270.85 and 10,195.25, before ending at 10,265.65, up 98.95 points, or 0.97 per cent. This is its highest closing level since November 29. It saw an intra-day movement of 75.60 points. Nifty mid-cap and small-cap indices rose by 0.93 per cent and 0.75 per cent, respectively.
