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FMCG index up, ITC surges
The BSE FMCG Index closed 3.5 percent higher on Monday and topped the list of sectoral gainers with stocks such as ITC and Colgate posting smart gains.
ITC touched an intra-day high of 5.9 percent, its highest level in at least 20 years, helped by robust domestic consumption. The share closed 4.9 percent up.
Other gainers included Colgate, which closed 4.5 percent higher, and HUL which gained 3.8 percent. Godrej Consumer Products however bucked the trend and slipped more than 5 percent.
Since July, this sectoral index has gained 14.16 percent versus a 12.4 percent gains in the BSE Sensex. Would you invest in this sector now?
ITC shares jump 2.6 pct
Shares in cigarette-to-hotel business chain ITC rose 2.6 percent on Wednesday to top the list of Sensex gainers on better earnings expectations.
The stock, which closed at 304.75 rupees, was among the big gainers on the BSE FMCG Index which topped the sectoral list with a rise of 1.9 percent.
FMCG stocks outperform market
The BSE FMCG index gained over 3 percent on Friday and ended as the top sectoral performer, even as the markets closed just 21 points up.
All stocks in the index, except Marico, closed in the green, led by Dabur India which rose 5.8 percent and ITC which gained nearly 5 percent.
100 stocks hit 52-week high on BSE
The Sensex closed at 15,670 on Friday, the highest since mid June 2008, while the Nifty index closed at tad below 4,650, a mark closely watched by market participants.
Optimism has swept investors around the globe with good corporate results raising hopes that the worst of the financial crisis might be over.
Sensex pares early losses to climb 1.97 pct
The Sensex closed nearly 2 percent higher after being down more than 3 percent in early trade.
The benchmark closed 207 points higher at 10,742.34, as short coverings and positive sentiments erased morning losses.
Sensex bounces back, closes 1.47 pct higher
After a sharp drop yesterday, the Sensex managed to climb 1.47 percent, helped by strong Asian markets.
The benchmark also managed to post its first quarterly rise since December 2007.
Sensex loses ground; Satyam jumps on renewed hopes
The Sensex closed nearly 2 percent down on Monday as worries over the world economy hit investor sentiments.
The benchmark closed at 8160.4, dragged down by index heavyweights Reliance Industries (down 1.4 percent), ITC (down 4 percent) and Hindustan Unilever (down 3.3 percent).
Sensex falls 2.9 pct to lowest close in 3 years
The Sensex closed 2.9 percent down on Thursday to its lowest close in 3 years, as worries over the economy remained despite rate cuts by the RBI yesterday.
The benchmark closed at 8198, dragged down by index heavyweights Reliance Industries (down 5 percent) and ITC (down 3.5 percent).
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- IMF says to extend reach with online economics training
- Nikkei closes at one-week high
- India to sell $7.15 billion in debt quotas to foreign investors on Thursday
- Corrected - Brent holds above $106, all eyes on Fed
- Sensex falls awaiting Fed; bank licence hopefuls surge
- Rupee approaches record low ahead of Fed meeting
- Gold slips for third day on rally in stocks, Fed caution
- Fed seen keeping options open on pace of bond buying
- Nikkei outperforms Asian stocks as Fed looms
- Brent holds above $106, all eyes on Fed
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