Post-Session: Markets gain led by FMCG stocks Analysis for Feb 16, 2015

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The Indian benchmarks closed on positive note with the BSE Sensex crossing 29,000 mark while NSE Nifty crosses 8,800 marks led by fast moving consumer goods companies in the midst of easing inflation. As per the official data released today, wholesale prices declined an annual 0.39 per cent in January, their second fall in three months, on the back of falling fuel prices, even as food inflation rose during the period. The official data released on Monday revised November wholesale price inflation to -0.17 per cent against provisional estimates of 0 per cent earlier. BSE Realty and FMCG indices were the top gainers followed by Power, Metal, IT and Auto indices. The BSE SENSEX closed at 29135.88 up by 40.95 points or by 0.14 per cent and then NSE Nifty closed at 8809.35 up by 3.85 points or by 0.04 per cent.

The BSE MIDCAP closed at 10737.99 down by -2.96 points or by -0.03 per cent. while the BSE SMLCAP closed at 11246.45 up by 7.17 points or by 0.06 per cent.

The top gainers of the BSE Sensex pack were ITC Ltd. (Rs. 389.80,+3.11 per cent), Tata Consultancy Services Ltd. (Rs. 2581.95,+1.71 per cent), Hindustan Unilever Ltd. (Rs. 907.20,+1.62 per cent), Housing Development Finance Corporation Ltd. (Rs. 1288.00,+1.54 per cent), Bharti Airtel Ltd. (Rs. 360.55,+1.53 per cent), among others.

The top losers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 914.50,-2.65 per cent), Axis Bank Ltd. (Rs. 571.00,-1.73 per cent), Hindalco Industries Ltd. (Rs. 150.85,-1.73 per cent), Hero MotoCorp Ltd. (Rs. 2804.00,-1.70 per cent), ICICI Bank Ltd. (Rs. 338.15,-1.66 per cent), among others.

The top gainers of the NSE Nifty pack were ITC Ltd. (Rs. 389.60,+3.06 per cent), NMDC Ltd. (Rs. 146.00,+2.56 per cent), Tata Consultancy Services Ltd. (Rs. 2584.80,+1.81 per cent), Bharti Airtel Ltd. (Rs. 361.35,+1.79 per cent), Hindustan Unilever Ltd. (Rs. 907.00,+1.59 per cent), among others.

The top losers of the NSE Nifty pack were Sun Pharmaceutical Industries Ltd. (Rs. 914.75,-2.74 per cent), Axis Bank Ltd. (Rs. 570.30,-1.86 per cent), Hindalco Industries Ltd. (Rs. 150.95,-1.69 per cent), ICICI Bank Ltd. (Rs. 338.05,-1.69 per cent), Hero MotoCorp Ltd. (Rs. 2805.00,-1.68 per cent), among others.

Among the thirteen sectoral indices, FMCG index was leading the rise and closed at 8559.19 up by 150.12 points or by 1.79 per cent. ITC Ltd. (Rs. 389.80,+3.11 per cent), Nestle India Ltd. (Rs. 7170.00,+1.91 per cent), Hindustan Unilever Ltd. (Rs. 907.20,+1.62 per cent), Jubilant Foodworks Ltd. (Rs. 1636.00,+1.01 per cent), Colgate-Palmolive (India) Ltd. (Rs. 1912.00,+0.20 per cent)

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3176 , shares advanced were 1396 while 1663 shares declined and 117 were unchanged.

Story first published: Monday, February 16, 2015, 16:48 [IST]
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