FMCG Sees Gains In A Volatile Market
Suparna / 17 Jul 2013
After volatile trades today, the Nifty index finally managed to close above 5950. It ended up by 18 points at 5973. The Sensex was 97 points higher at 19948. The FMCG index shone in today session, moving strongly up by 242 points.
After volatile trades today, the Nifty index finally managed to close above 5950. It ended up by 18 points at 5973. The Sensex was 97 points higher at 19948. Both the indices ended up by 0.30% and 0.49% respectively.
The advance-decline ratio ended on the negative side. On the NSE, 1464 shares closed in green, while 1851 shares were in red.
Top 5 Nifty Gainers: HUL closed the day with the highest gains of 9.9% on the NSE. Asian Paints, Ambuja Cements, NTPC and ITC were among the other gainers.
Top 5 Nifty Losers: Tata Steel finished 3.3% down, followed by Bank of Baroda, Axis Bank IndusInd Bank and NMDC.
9 sectoral indices ended on a negative note. Bankex was the top loser, ending 295 points lower, while the Metals and Auto indices were down by 139 points and 81 points respectively. Capital Goods also continued to see weak trades and lost 29 points. Even the Mid-Caps and Small-Caps ended with a sell-off, dipping by 30 points and 21 points respectively. The FMCG index shone in today session, moving strongly up by 242 points.
Among the Asian markets, the Hang Seng market was the top gainer, up by 59 points and the Nikkei was also up by 15 points. The Taiwan Weighted, Shanghai Composite and KOSPI markets ended in nominal losses.
Buzzer: HUL made a new 52-week high at Rs 699 in today’s session. This scrip is known as a defensive stock in the Consumer Durables sector. Tomorrow, the stock is likely to continue this rally for the third consecutive day to touch the level of Rs 715.
The Nifty took support around the 5930 level today. If it opens above 5980 in the following session, it could cross the 6000 mark.
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