Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Positive global cues lift Indian equities, FMCG stocks gain

by | May 25, 2021

BSEMumbai, (IANS) : Positive global cues and healthy buying in FMCG, consumer durables and capital goods stocks lifted the Indian equity markets during the mid-afternoon trade session on Monday.

Around 12.50 p.m., the wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 19 points or 0.20 per cent to 9,446.90 points.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 30,638.88 points, traded at 30,574.27 points (at 12.45 p.m.) — up 109.35 points or 0.36 per cent from its previous close at 30,464.92 points.

The Sensex has so far touched a high of 30,712.15 points and a low of 30,569.62 points.

However, the BSE market breadth was bearish — with 1,462 declines and 1,042 advances.

“The equity benchmark indices started off the first day of the week on a positive note and witnessed gap-up opening, tracking firm global cues. Appreciation of the rupee against the US dollar in initial trades also supported the firm opening,” Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

“FMCG sector stocks witnessed strong buying support, led by ITC and Marico. Aviation sector stocks traded with bearish sentiments tracking higher crude oil prices.”

On Friday, the benchmark indices closed on a flat note after a volatile trade session, as investors booked profits. The NSE Nifty closed at 9,427.90 points, while the BSE Sensex closed at 30,464.92 points.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Recent Posts

Peace Talks To End Russia-Ukraine War

The way the US President Donald Trump literally got enforced his one-man plan for the Gaza Ceasefire and the manner in which he is now trying to organise Peace Talks to get the Russia-Ukraine war ended, are pointers to the future of the American foreign policy. Asad...

Modi’s Cartoon in Tamil Magazine and India’s Disquiet

Syed Ali Mujtaba    Chennai - The cartoon that depicted Prime Minister Narendra Modi sitting handcuffed next to US President Donald Trump has stirred a hornet’s nest in Tamil Nadu since it appeared in Vikatan Plus, a Tamil magazine.   The cartoon was envisaged to...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *