At 10:25 IST, the barometer index, the S&P BSE Sensex, was up 95.45 points or 0.17% at 57,443.47. The Nifty 50 index gained 38.9 points or 0.23% at 17,115.50.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index was up 0.6% while the S&P BSE Small-Cap index added 0.54%.
The market breadth was strong. On the BSE, 1923 shares rose and 894 shares fell. A total of 125 shares were unchanged.
COVID-19 Update:
Total COVID-19 confirmed cases worldwide stood at 218,376,489 with 4,542,472 global deaths.
India reported 389,583 active cases of COVID-19 infection and 439,529 deaths, according to the data from the Ministry of Health and Family Welfare, Government of India.
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Buzzing Index:
The Nifty FMCG gained 1.53% to 40,251. The index has added 5.28% in seven trading sessions.
Marico (up 3.78%), Varun Beverages (up 2.39%), Jubilant Foodworks (up 2.37%), Hindustan Unilever (up 2.31%), Colgate Palmolive (up 2.11%), United Breweries (up 1.99%), Dabur (up 1.7%) and United Spirits (up 1.69%) were top gainers in FMCG space.
Stocks in Spotlight:
Eicher Motors fell 0.21%. The company's total motorcycles (Royal Enfield) sales slipped 9% to 45,860 units in August 2021 from 50,144 units in August 2020. Sequentially, the company's total motorcycles rose 4.13% in August 2021 over 44,038 units sold in July 2021. While sales of models with engine capacity upto 350cc lost 17% to 38,572 units, sales of models with engine capacity exceeding 350cc decreased 11% to 7,288 units in August 2021 as against August 2020. Exports surged 164% to 6,790 units in August 2021 as against 2,573 units in August 2020.
Coal India rose 0.89%. The state-run coal major's coal production increased 14.6% to 42.6 million tonnes (MT) in August 2021 from 37.2 MT in August 2020. The company's coal offtake stood at 48.6 MT last month, up 9.5% compared with 44.4 MT recorded in the same month last year.
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