Market boosted by buying in FMCG, automobile and telecom stocks, Sensex rises 609 points, Nifty near 24200

Mumbai29 april. The domestic stock market regained momentum on Wednesday amid strength in Asian markets and buying in daily consumer goods (FMCG), auto and telecom stocks. BSE Sensex closed 609 points higher while NSE Nifty gained 182 points to close at 24,200.

Sensex 0.79 percentage jump 77,496.36 closed on points

Bombay Stock Exchange (BSE)’s benchmark index Sensex, based on 30 shares, closed at 77,496.36 points, jumping 609.45 points or 0.79 per cent in volatile trade. At one time during trading, it had climbed by 1,095.6 points to reach 77,982.51. Among Sensex related companies, 22 stocks remained strong while eight remained weak.

nifty 181.95 by increasing points 24,177.65 stayed at

On the other hand, the National Stock Exchange (NSE)’s 50-share sensitive index Nifty rose by 181.95 points or 0.76 percent to stand at 24,177.65 points. At one time during trading, the index had gone up by 339 points to 24,334.70. Among the companies associated with Nifty, shares of 34 remained in the green while 16 registered a decline.

The broader market saw mixed results. For example, the BSE Smallcap Select index of small companies rose by 0.75 percent, while the Midcap Select index of medium companies declined by 0.49 percent.

Highest in FMCG sector 1.57% increase

If we look at the sectoral index, the daily consumer goods (FMCG) segment had the highest increase of 1.57 percent, while the realty segment had an increase of 1.42 percent, the telecom segment was 1.28 percent and the energy segment was 1.14 percent.

ITC Limited’s stock increased the most by 3.86 percent.

Among the companies included in the Sensex group, the stock of ITC Limited had the highest increase of 3.86 percent. Shares of Tech Mahindra, Maruti Suzuki, Reliance Industries, Bharti Airtel and Mahindra & Mahindra closed majorly higher. On the other hand, shares of InterGlobe Aviation, NTPC, Bajaj Finserv and ICICI Bank saw a decline.

DII has 1,712.01 Purchased shares worth crores of rupees

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 2,103.74 crore on Tuesday while domestic institutional investors (DIIs) bought shares worth Rs 1,712.01 crore. At the global level, Brent crude increased by 2.85 percent to $ 114.4 per barrel.