Nifty closes up 18.05 points - Microsec

Indian markets settled higher on Wednesday on the back of Indian government's decision to raise the foreign investment (FDI) limit in the various sectors. FMCG, consumer durables and IT gained while banking, metal, auto and realty stocks traded lower.

Nifty closed at 5973.30 up by 18.05points or 0.30% over the previous day closing of 5955.25 after witnessing a low of 5926.75 and a high of 5989.80. Sensex closed at 19948.73 up by 97.50 points or 0.49% over the previous day closing of 19851.23.It touched an intraday low of 19778.54 and high of 19983.22.

The markets' breadth was negative. Out of 2466 stocks traded 1032 stocks advanced, 1288 stocks declined and 146 stocks remained unchanged. In Sensex, Out of 30 stocks 15 stocks advanced and 15 stocks declined.

Among the sectors, BSE FMCG, BSE Consumer Durables and BSE IT were the main gainers of the day which increased by 3.39%, 1.10% and 1.00% respectively.

In BSE FMCG sector, HUL, Dabur India, and Colgate Palmolive decreased by 9.86%,4.31% and 2.82% respectively. In BSE Consumer durables sector Titan Industries, VIP Inds advanced by 3.42% and 0.20% respectively. In BSE IT sector, Wipro ,Hexaware Tech and TCS increased by 2.96% 2.25% and 1.52% respectively.

Source : Equity Bulls

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