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MARKET WRAP: Sensex gains 373 pts, Nifty ends at 10,629 led by FMCG stocks

The Nifty FMCG index ended 2.4 per cent higher led by Dabur India, Colgate Palmolive (India) and Hindustan Unilever

SI Reporter  |  New Delhi 

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The benchmark indices snapped out of a three-session losing streak, as they settled around  1 per cent higher on Monday led by a rise in the shares of private banks and fast moving consumer goods (FMCG).

The S&P BSE ended at 35,354, up 373 points or 1.1 per cent, while the broader Nifty50 index settled at 10,629, up 102 points or 1 per cent.

In the broader market, S&P BSE MidCap index ended largely flat at 14,890 levels, while S&P BSE SmallCap index settled a tad lower at 14,329 levels.

In the sectoral universe, the FMCG index ended 2.4 per cent higher led by Dabur India, Colgate Palmolive (India) and Hindustan Unilever, while the Bank index settled 1.4 per cent higher led by Axis Bank.

Among individual stocks, shares of Bharti Airtel ended 2.1 per cent higher at Rs 335 apiece on BSE after the telecom operator said its African unit has appointed global investment banks for a proposed initial public offering (IPO) on an international stock exchange.

The traded on a firm note on Monday rising to 70.30 per dollar in intra-day trade against its previous close of 70.69 against the greenback.

Global Markets

Asian stocks and US equity futures posted modest gains on Monday on hopes of solid US holiday sales, though risk appetite was tempered as plunging oil prices fanned worries about the global economic outlook.

MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.6 per cent, led by gains in Hong Kong and Taiwan, while Japan’s Nikkei advanced 0.8 per cent. In China, the Shanghai composite index eased 0.3 per cent.

Oil Prices

Oil prices on Monday clawed back some losses from a nearly 8 per cent plunge the previous session, with Brent jumping back above $60 per barrel, but sentiment remained weak amid a broad sell-off in financial in past weeks.

Front-month Brent crude oil futures rose $1.31, or 2.2 per cent, to $60.11 per barrel. US West Texas Intermediate (WTI) crude futures, were up 66 cents, or 1.3 per cent, at $51.08 per barrel.

(with Reuters input)

MARKET WRAP: Sensex gains 373 pts, Nifty ends at 10,629 led by FMCG stocks

Top sectoral gainers and losers on NSE

MARKET WRAP: Sensex gains 373 pts, Nifty ends at 10,629 led by FMCG stocks

S&P BSE Sensex: Top gainers and losers

MARKET WRAP: Sensex gains 373 pts, Nifty ends at 10,629 led by FMCG stocks

Market at close   The S&P BSE Sensex climbed 373 points or 1 per cent to settle at 35,354 while the Nifty50 index of National Stock Exchange gained 102 points or 0.97 per cent to end at 10,629.

MARKET WRAP: Sensex gains 373 pts, Nifty ends at 10,629 led by FMCG stocks

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MARKET WRAP: Sensex gains 373 pts, Nifty ends at 10,629 led by FMCG stocks

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MARKET WRAP: Sensex gains 373 pts, Nifty ends at 10,629 led by FMCG stocks

NEWS ALERT HEG Board approves share buyback up to 13.6 lakh shares at Rs 5,500 per share

MARKET WRAP: Sensex gains 373 pts, Nifty ends at 10,629 led by FMCG stocks

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MARKET WRAP: Sensex gains 373 pts, Nifty ends at 10,629 led by FMCG stocks

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MARKET WRAP: Sensex gains 373 pts, Nifty ends at 10,629 led by FMCG stocks

WEB EXCLUSIVE Morgan Stanley, Credit Suisse slowly turn positive on Indian equities   Global brokerages – Credit Suisse and Morgan Stanley – are slowly turning positive on Indian equities despite the uncertainty regarding the state and general election outcome over the next few months. Besides Japan, Brazil, Thailand and Indonesia, analysts at Morgan Stanley have reiterated their overweight stance on India for 2019 and prefer utilities, IT services/software and capital goods sectors in the Indian context. Click here to read more

MARKET WRAP: Sensex gains 373 pts, Nifty ends at 10,629 led by FMCG stocks

Oil price collapse fuels India's sovereign bonds to their best quarter Oil’s price collapse is driving India’s sovereign bonds to their best quarter in more than a year. Expectations of rate increases by the central bank have weakened after the slump in the price of Brent crude -- India’s top import -- and the easing in retail inflation to a 13-month low. The debt-buying support from the Reserve Bank of India has given investors another reason to cheer the end of the longest stretch of losses since 2011. Read more  

MARKET WRAP: Sensex gains 373 pts, Nifty ends at 10,629 led by FMCG stocks

FMCG shares in focus; HUL, Dabur India rise 4%   Shares of fast moving consumer goods (FMCG) companies were in focus in an otherwise range-bound market on stable outlook. Hindustan Unilever (HUL), Dabur India, Colgate-Palmolive (India), Godrej Consumer Products and GlaxoSmithKline Consumer Healthcare were up in the range of 1% to 4% on the National Stock Exchange (NSE). Read more  

First Published: Mon, November 26 2018. 08:10 IST
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MARKET WRAP: Sensex gains 373 pts, Nifty ends at 10,629 led by FMCG stocks

The Nifty FMCG index ended 2.4 per cent higher led by Dabur India, Colgate Palmolive (India) and Hindustan Unilever

The benchmark indices snapped out of a three-session losing streak, as they settled around  1 per cent higher on Monday led by a rise in the shares of private banks and fast moving consumer goods (FMCG).

The S&P BSE ended at 35,354, up 373 points or 1.1 per cent, while the broader Nifty50 index settled at 10,629, up 102 points or 1 per cent.

In the broader market, S&P BSE MidCap index ended largely flat at 14,890 levels, while S&P BSE SmallCap index settled a tad lower at 14,329 levels.

In the sectoral universe, the FMCG index ended 2.4 per cent higher led by Dabur India, Colgate Palmolive (India) and Hindustan Unilever, while the Bank index settled 1.4 per cent higher led by Axis Bank.

Among individual stocks, shares of Bharti Airtel ended 2.1 per cent higher at Rs 335 apiece on BSE after the telecom operator said its African unit has appointed global investment banks for a proposed initial public offering (IPO) on an international stock exchange.

The traded on a firm note on Monday rising to 70.30 per dollar in intra-day trade against its previous close of 70.69 against the greenback.

Global Markets

Asian stocks and US equity futures posted modest gains on Monday on hopes of solid US holiday sales, though risk appetite was tempered as plunging oil prices fanned worries about the global economic outlook.

MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.6 per cent, led by gains in Hong Kong and Taiwan, while Japan’s Nikkei advanced 0.8 per cent. In China, the Shanghai composite index eased 0.3 per cent.

Oil Prices

Oil prices on Monday clawed back some losses from a nearly 8 per cent plunge the previous session, with Brent jumping back above $60 per barrel, but sentiment remained weak amid a broad sell-off in financial in past weeks.

Front-month Brent crude oil futures rose $1.31, or 2.2 per cent, to $60.11 per barrel. US West Texas Intermediate (WTI) crude futures, were up 66 cents, or 1.3 per cent, at $51.08 per barrel.

(with Reuters input)

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