After a strict lockdown impacting sales, India has returned to the growth path again, Anglo-Dutch FMCG major Unilever has said. The return of growth of India business, along with Brazil and continued recovery in China, helped the company's emerging markets clock a growth of 5.3 per cent in the September 2020 quarter.
Markets pared early gains to end lower weighed down by selling pressure in FMCG, oil and auto shares.
L&T, ONGC and banking scrips power gains in today's trade
Sentiment was hurt after market regulator Sebi directed bourses to initiate action against 331 suspected shell companies.
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
The 50-share NSE Nifty ended flat, up 5.80 points, or 0.06 per cent, at 10,308.95.
Overseas investors were one of the heavy buyers.
The 30-share Sensex lost 54 points at end at 27,086 and 50-share Nifty shed 19 points to close at 8,096.
Realty, pharma and FMCG shares buck trend.
Anglo-Dutch FMCG giant Unilever Plc's $ 5.4 billion open offer to increase stake in its Indian arm Hindustan Unilever Limited (HUL) to up to 75 per cent commenced on Friday.
The BSE Sensex zoomed 318 points to end at 33,351.57, while the broader Nifty spurted 88 points to 10,242.65.
At the end of the day's trade, ITC commanded 10.01 per cent weight, while RIL had 9.07 per cent weight, followed by ICICI Bank which had 7.66 per cent weight in 30-share Sensex.
The 30-share Sensex provisionally ended up 366 points at 27,275 and the 50-share Nifty ended up 132 points at 8,235.
The 30-share Sensex provisionally ended up 112 points at 28,555 and the 50-share Nifty closed 24 points higher at 8,561 after hitting a record high of 8,626.95.
During the quarter, revenue from cigarettes increased 10.17 per cent to Rs 4,639.17 crore.
Sensex dull at close, Infosys rules, ITC drags.
Infosys, Wipro and HUL among the top losers for the day.
Participants are eyeing the Bihar elections.
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Markets ended flat on Tuesday, amid a volatile trading session, as investors exercised caution ahead of the two-day FOMC meet starting today and Reserve Bank of India's monetary policy later this week.
Hopes that better-than-forecasted monsoon may help the RBI cut rates sooner than expected, too triggered buying activity.
BSE Sensex on Monday closed nearly 34 points higher at 26,350.17 with gains in realty, power, FMCG and oil & gas stocks amid sustained buying by domestic institutional investors.
Investors booked profits in recent gainers
Reliance Industries was the top Sensex gainer up 5.6% after the company reported better-than-expected net profit growth at 12% in the second-quarter aided hby higher gross refining margins.
The Sensec ended marginally higher on favourable cues in domestic market.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
The breadth, indicating the overall health of the market, was slightly positive
'You can put 25 per cent right now; put another 25 per cent when Nifty corrects another 500 points.' 'At 13,500 put another 25 per cent and at 13,000 one can get fully deployed.'
A widening probe by US authorities involving top drug companies following complaints of price fixing of generics was a point of worry for the participants, said analysts.
Select metal stocks rebounded while power stocks extended losses after SC verdict on coal block allocations.
The S&P BSE Midcap and the S&P Smallcap indices rallied over 1% each
Late selling in blue-chips like Reliance Industries, ITC, Infosys, TCS and Bharti Airtel dragged down the index from the record level to close flat.
The broader Nifty of National Stock Exchange scaled the 10,200 mark intra day before closing at 10,184.85, showing a sizeable gain of 38.30 points, or 0.38 per cent.
The outgoing chairman believed in building for the future; for his successor, the challenge will be to maintain the momentum, says Ishita Ayan Dutt.
HUL, the country's largest FMCG company, saw sales volume fall by 4% for the December quarter.
The 50-issue NSE Nifty in range-bound movements settled higher by 59.15 points, or 0.58 per cent, at 10,252.10.
Risk sentiment received a boost after eight core sectors grew to a five-month high of 4.9 per cent in August
The S&P BSE Midcap and the S&P BSE Smallcap indices slipped in red to shed over 1% each
The Indian rupee also trimmed most of its early gains and was trading at Rs 61.28 compared to its Wednesday's close of Rs 61.31 to the US dollar.
Fear factors weights on markets, Sensex, Nifty struggle to keep pace.
The ongoing corporate results and the Union budget are also making participants tread cautiously though the GST agreement provided some relief.
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