Sensex makes gains; FMCG stocks rise

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SME Times News Bureau | 26 Nov, 2014
A day after it plunged 162 points or 0.57 percent, a benchmark index of Indian equities markets was trading 79.12 points or 0.28 percent up in the mid-afternoon trading session Wednesday.

Healthy buying was observed in fast moving consumer goods (FMCG), metal and capital goods. Interest-sensitive stocks like automobile, bank and consumer durables also witnessed good buying spree.

However, selling pressure was seen in IT and technology, entertainment and media (TECK) stocks.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 28,321.58 points, was trading at 28,417.17 points (at 2.00 p.m.), up 79.12 points or 0.28 percent from the previous day's close at 28,338.05 points.

The Sensex touched a high of 28,442.46 points and a low of 28,261.31 points in intra-trade so far.

The S&P FMCG index gained 80.36 points, metal index was up 75.67 points and capital goods index soared by 73.12 points. Interest-sensitive stocks like automobile index rose 59.75 points, followed by banking index which gained 57.30 points and consumer durables index increased by 50.90 points.

However, IT index moved down by 2.11 points and TECK index was lower by 23.40 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading in the positive territory. It was up 28.90 points or 0.34 percent at 8,492 points.