FMCG heavy weight led the market gains - Stock Market Pulse

FMCG heavy weight, HUL and ITC pulls the market up

Markets managed to close higher posting its straight third gain. After opening positive in the morning markets slipped into the red zone. However the recover was seen in the late noon trading session. Recovery in the market was led by FMCG heavy weight shares ITC and Hindustan Unilever. The S&P BSE Sensex closed up by 49.71 points or 0.25 to 20,310.74. It opened marginally up by 25 points or 0.12% at 20,286.09, and touched a high of 20,358 and a low of 20,079. The CNX Nifty opened up by nearly 6 points or 0.10% at 6,028.35. Before settling at 6,036.30 up by 14 points or 0.23%, it touched a high of 6,048 and a low of 5,965 intraday.

In the sectoral indices, Realty index slipped by 1.57%. Capital Goods index fell nearly by 1%. Bankex, IT and Healthcare indices also closed weak. FMCG index surged by 1.36% and Consumer Durables rose by 1%. Metal and Auto index also gained by 0.92% and 0.85%. Power and Oil & Gas indices also managed to post some gains. The broader market closed a bit mixed. Mid-cap index fell by 0.18% and Small-cap index closed almost flat with positive bias.

In the gainers list Coal India spurted by 4.59%, followed by Tata Power surging by 3.22%. FMCG heavy weight Hindustan Unilever gained by 2.9% and ITC advanced by 1.77%. Mahindra & Mahindra and Maruti Suzuki rose between 3-2%. HDFC bank, Wipro and Hindalco Industries also gained between 2-1% each. NTPC, Tata Steel, Tata Motors, Bharti Airtel, Sun Pharma, Hero MotoCorp and Dr Reddys Lab were among the other index gainers.

In the losers list, BHEL slipped by 2.43%. Axis Bank, Cipla, TCs and SBI also declining between 2-1% each. Gail, L&T, ICICI Bank, ONGC, Sesa Sterlite, Infosys, HDFC, Reliance Industries and Bajaj Auto were the other index losers.

However market breadth ended slightly negative. Out of the 2720 shares traded 1289 shares declined as compared to 1261 shares advanced. While 170 shares remained unchanged.

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FMCG heavy weight led the market gains
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