Mid Market-Sensex firm ahead of key data, FMCG shares up Analysis for Mar 12, 2014

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Indian Stock Market continued to trade positive amid renewed buying interest in defensive shares which had witnessed profit taking in the recent rally which pushed the markets to record highs. However investors are bit cautious ahead of Index of industrial production (IIP) and CPI data to be released later in a day.

On the Global front Asian markets continued to trade weak amid concerns over drop in prices of industrial metals such as copper and iron in China coupled with weak exports in February raised fears that the world's second largest economy is still in the midst of a slowdown.At 12:13PM BSE SENSEX was at 21920.2 up by 93.78 points or by 0.43 per cent and NSE Nifty was at 6530.7 up by 18.8 points or by 0.29 per cent.

The BSE MIDCAP was at 6735.85 up by 32.44 points or by 0.48 per cent, while the BSE SMLCAP was at 6686.89 up by 22.2 points or by 0.33 per cent.

Defensive shares were the major gainers with BSE_FMCG index was at 6673.83 up by 105.45 points or by 1.61 per cent. Supported by ITC Ltd.,Godrej Consumer Products Ltd. and Tata Global Beverages Ltd.

The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 601.45,+3.64%), ITC Ltd. (Rs. 342.30,+2.56%), Hero MotoCorp Ltd. (Rs. 2055.00,+1.83%) and ICICI Bank Ltd. (Rs. 1214.00,+1.30%).

The top losers of the BSE Sensex pack were Bharat Heavy Electricals Ltd. (Rs. 185.40,-1.83%), Larsen & Toubro Ltd. (Rs. 1214.05,-1.27%), Bajaj Auto Ltd. (Rs. 1963.20,-1.12%), Tata Motors Ltd. (Rs. 393.80,-1.08%) and Bharti Airtel Ltd. (Rs. 299.80,-1.01%).

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Story first published: Wednesday, March 12, 2014, 12:48 [IST]
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