Mumbai: Buying in FMCG, pharma, banking and auto shares helped the benchmark index Nifty to sustain the crucial 6,200 level and gain another 39 points on the National Stock Exchange (NSE) today.
The market saw a range-bound trade on the expiry day for February derivative contracts but overall sentiment was largely positive. Value picking as well as some short-covering supported the market, which was boosted by FII buying data.
Shares of state-owned gas distributor GAIL surged 3.36 per cent, while pharma major Dr Reddy's gained 2.31 per cent. Diversified conglomerate ITC continued to show buying interest, rallying 2.11 per cent.
However, state-owned mineral producer NMDC dropped 3.57 per cent and Tata Steel lost 3.12 per cent on profit booking.
