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Late recovery lifts Sensex 41 points; FMCG, pharma stocks shine

The NSE Nifty ended 15.95 points or 0.18 percent higher at 8,742.55 after moving in a range of 8,751.95 to 8,704.35.


Late recovery lifts Sensex 41 points; FMCG, pharma stocks shine

Mumbai: Bouncing back towards the fag-end in an otherwise choppy trade, Sensex on Thursday closed 41 points up at 28,412.89 with FMCG, healthcare and realty stocks leading the gains, tracking a mixed global trend.

Cautious stance adopted by participants, tracking mixed trend in regional markets ahead of the next week's US Federal Reserve and Bank of Japan policy meets too influenced trading sentiment.

"The investors have adopted a wait-and-watch approach to the global sentiment which is playing between cautious and optimism over the FOMC meet early next week. Currently, FII's are sellers in the market," said Vinod Nair, Head of Research, Geojit BNP Paribas Financial Services.

The 30-share Sensex after shuttling between 28,454.02 and 28,311.11, settled 40.66 points or 0.14 percent higher at 28,412.89. The gauge had gained about 19 points yesterday.

The NSE Nifty ended 15.95 points or 0.18 percent higher at 8,742.55 after moving in a range of 8,751.95 to 8,704.35.

Reliance Industries stayed in the lead from the Sensex pack and climbed 1.63 percent to Rs 1,062.45, followed by Cipla (1.60 percent), Maruti Suzuki (1.47 percent), HDFC Ltd (1.33 percent), ITC Ltd (1.23 percent) and Adani Ports (1.15 percent).

Of the 30-share Sensex, 13 ended higher, while 17 led by Power Grid, Tata Steel, Bajaj Auto, Hero MotoCorp, NTPC, Tata Motors, Dr Reddy's, M&M, GAIL, Infosys and L&T finished lower, fell by up to 2.40 percent.

Bank stocks succumbed to profit-booking after gaining 0.77 percent yesterday dragging the bankex index down 0.58 percent.

Axis Bank fell 2.25 percent, SBI declined 0.70 percent, while ICICI Bank lost 0.35 percent.

Among the sectoral indices, FMCG rose by 0.66 percent, healthcare 0.52 percent, realty 0.14 percent and teck 0.08 percent, while consumer durables fell by 0.97 percent and power by 0.94 percent.

In the broader markets, small-cap index also rose by 0.27 percent while mid-cap shed 0.25 percent.

Key indices in Japan and South Korea dropped 0.14 percent to 1.26 percent, while Hong Kong moved up by 0.63 percent. China, South Korea and Taiwan markets remained closed today.

From Zee News

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