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IT, FMCG, auto, metal stocks gain in Sensex's 2,400-pt rally since March'18

Analysts say the surge in IT, auto and FMCG stocks were led by investors seeking safety against the market volatility arising from global trade war fears and rising bond yields

IT, FMCG, auto, metal stocks gain in Sensex's 2,400-pt rally since March'18
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Deepak KorgaonkarPuneet Wadhwa
The S&P BSE Sensex has regained nearly 2,400 points, or 7.4 per cent, from its recent low hit on March 23, 2018, to reclaim 35,000 levels in intra-day deals on Friday.

The index, however, trimmed gains to end at 34,969 levels - up 0.7 per cent, or 256 points.

Stocks from the metal, information technology (IT), fast moving consumer goods (FMCG) and automobiles sectors have been among the top performers during the Sensex's 2,400-point rally since March 2018 lows.

While Hindustan Unilever, Nestle India, Dabur India and Britannia Industries from the FMCG sector have rallied in the range

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First Published: Apr 28 2018 | 11:26 PM IST

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