Update 3
FMCG cos fail to capitalize on rally
While the market held on to the day's gains, FMCG stocks failed to take-off because of profit-booking.
At 14:41 IST the Sensex was up 71.44 points, at 13,690.21. It had opened with an upward gap, at 13,625.09, backed by firm Asian markets. The BSE Sensex had touched an all-time high of 13,740.39, during the afternoon session. The low for the day has been 13,625.09.The total turnover on BSE amounted to Rs 3,860 crore.Among the 30-Sensex pack, 23 advanced while the rest declined.The market-breadth was positive as small-cap and mid-cap stocks contributed their mite to the rally. For 1,305 shares that rose on BSE, 1,182 declined. A total of 82 shares did not change.
FMCG stocks failed to participate in the rally on selling pressure. The BSE FMCG index was the lone loser among sectoral indices, down 1.08% or 21.92 points, at 2,011.63. Major losers were ITC (down 1.39% to Rs 181.50), HLL (down 1.28% to Rs 246.05), Dabur India (down 0.70% to Rs 142) and Colgate (down 0.90% to Rs 379) declined.
While the market held on to the day's gains, FMCG stocks failed to take-off because of profit-booking.
At 14:41 IST the Sensex was up 71.44 points, at 13,690.21. It had opened with an upward gap, at 13,625.09, backed by firm Asian markets. The BSE Sensex had touched an all-time high of 13,740.39, during the afternoon session. The low for the day has been 13,625.09.The total turnover on BSE amounted to Rs 3,860 crore.Among the 30-Sensex pack, 23 advanced while the rest declined.The market-breadth was positive as small-cap and mid-cap stocks contributed their mite to the rally. For 1,305 shares that rose on BSE, 1,182 declined. A total of 82 shares did not change.
FMCG stocks failed to participate in the rally on selling pressure. The BSE FMCG index was the lone loser among sectoral indices, down 1.08% or 21.92 points, at 2,011.63. Major losers were ITC (down 1.39% to Rs 181.50), HLL (down 1.28% to Rs 246.05), Dabur India (down 0.70% to Rs 142) and Colgate (down 0.90% to Rs 379) declined.
posted by SY at 3:13 PM
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