After the two days southward momentum, today Indian equity indices gained around 1.25% led by IT, FMCG and Realty stocks. 50 stocks Nifty ended the day at 5,836.95 up by 66.05 points while Sensex surged 233.04 points and ended the day at 19,410.84.
ITC gained after the company raised the price of its Gold Flake Regular Filter cigarettes. According to UBS, ITC has raised the price for the brand to Rs. 58 from Rs. 55 for a pack of 10 cigarettes.
Rupee remained under pressure as RBI governor says he does not have a specific foreign exchange rate target, which raises concerns that the central bank is unlikely to defend any particular level strongly. INR was trading above 60 against the US Dollar till the time of writing.
Among the sectoral indices CNX FMCG was biggest gainer, up by 2.89% followed by CNX IT (2.82%) and CNX Realty (1.24%), while CNX Metal was the only loser of the day and plunged by -0.16%.
Out of 50 stocks of Nifty 35 stocks ended in positive territory, 14 in negative and 1 remain unchanged.
Top 5 Nifty gainers: Reliance Infrastructure (4.09%), HCL (3.95%), ITC (3.88%), Tata Power (3.63%) and BPCL (3.54%) were among top gainers.
Top 5 Nifty losers: BHEL (-2.40%), Tata Steel (-1.71%), Sesagoa (-1.53%), CIPLA (-0.79%), Axis Bank (-0.78%) were top Nifty laggards.
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