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Closing Bell: Markets extend gain for third day in row; Sensex, Nifty each up 0.27% - metal, FMCG stocks lead the surge
Outperforming the benchmark indices, the broader markets such as mid and small-cap each gained 0.6 and 1.2 per cent at the market close today.
The Indian markets extended gains for the third straight session, eventually closed with a minor jump as each Sensex and Nifty50 grew around 0.27% at the market close on Thursday. The surge in the market is mainly led by the metal and FMCG stocks at the close.
At the market close, the BSE Sensex jumped 157 points or 0.27 per cent to 58807, and the Nifty50 up over 47 points or 0.27 per cent to 17517. Outperforming the benchmark indices, the broader markets such as mid and small-cap each gained 0.6 and 1.2 per cent at the market close today.
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Of 50 scrips on the Nifty50, 27 advanced, and 23 declined at the market close. FMCG major ITC surged almost 5 per cent as the company releases future roadmap of various bossiness through investors meet on Thursday. Besides, L&T surge second-most by over 3 per cent at the market close today.
Other stocks such as Asian Paints, UPL, Reliance, Eicher Motors each gained between 1.5-2 per cent at the market close today.
On the contrary, banking heavyweight HDFC Bank declined most by around 2 per cent, followed by Titan, Nestle India each down over 1 per cent, while SBI Life, NTPC, Axis Bank, TCS, Divis Lab and ONGC each down around 1 per cent at the market close.
Almost all sectoral indices closed positive, except for banks, financials and IT. Nifty FMCG surged most of all by almost 1.5 per cent, followed by metal and auto indices on Thursday. Similarly, Nifty Media aided most to the broader markets rise, especially mid and small-cap indices.
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