MARKET WRAP: Sensex gains 95 pts, Nifty ends at 11,227; FMCG stocks advance

All that happened in the markets today

In the broader market, the S&P BSE MidCap and SmallCap indexes ended 0.05 per cent and 0.04 per cent higher, respectively. (Photo: Kamlesh Pednekar)

The Indian markets ended flat with a positive bias on Wednesday, lifted mainly by HDFC Bank, HDFC, and FMCG stocks.

Among the headline indices, the S&P BSE Sensex settled 95 points, or 0.25 per cent higher at 38,068 levels, and the Nifty50 index ended at 11,226.5 levels, up 4 points, or 0.04 per cent. Tech Mahindra (up nearly 3 per cent), Titan (up nearly 3 per cent), Nestle India, and Hindustan Unilever (both up 2 per cent) were the top Sensex gainers.

Shares of Reliance Industries rose 1 per cent in early deals after the company said that General Atlantic, a leading global growth equity firm, will invest Rs 3,675 cr in Reliance Retail Ventures Limited. The stock, however, ended 0.49 per cent lower at Rs 2,233.75 on the BSE. READ MORE

The trend among Nifty sectoral indices was mixed, with the Nifty FMCG index, up over 1 per cent, leading the list of gainers.

In the broader market, the S&P BSE MidCap and SmallCap indexes ended 0.05 per cent and 0.04 per cent higher, respectively.

Global markets

World stocks fell and safer assets, such as the yen and dollar, found buyers on Wednesday after a chaotic first US presidential debate and rising Covid-19 cases turned investors cautious, though strong factory surveys boosted China’s markets.

MSCI’s broadest index of world shares which tracks nearly 50 countries dropped 0.2 per cent for a 4 per cent September loss. In Europe, the pan-European STOXX 600 index fell 0.4 per cent tracking Wall Street futures lower.

In commodities, oil prices extended losses as rising Covid-19 cases fuelled demand concerns.

(With inputs from Reuters)

3:43 PM

SECTOR WATCH | Nifty FMCG index ends 1.34% higher

3:42 PM

MARKET AT CLOSE | Gainers and losers on the S&P BSE Sensex

3:36 PM

CLOSING BELL

The S&P BSE Sensex gained 95 points or 0.25 per cent to 38,068 levels while NSE's Nifty ended at 11,226.50, up 4 points or 0.04 per cent.

3:26 PM

MARKET CHECK

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Garden Reach Shipbuilders jumps 13%

3:07 PM

Heatmap: S&P BSE Sensex gainers and losers at this hour

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Planning to buy gold? Fall in price opens up window for investors

Prices in the international market are still elevated as there was a $300 per ounce spurt in July and the subsequent fall was a little over $200 per ounce. This fall, however, is being seen as an opportunity to buy for those investors who missed out on the earlier rally. READ MORE

3:04 PM

India VIX falls over 1% to 19.52 levels

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Via BSE filing

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Top losers on the BSE at this hour

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Lakshmi Vilas Bank crisis: Working on a back-up plan, says Shakti Sinha

The priorities are clear. One, ensure that the bank is run well on a day to day basis. Second, develop strategies to improve the financials; and third, raise capital through various measures. We will carry the capital raising process to its logical end. READ MORE

Shakti Sinha, director on board of LVB

2:42 PM

Stocks that hit 52-week high on BSE today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(%)
ADANI GREEN	747.60	749.90	4.68
ADVANCED ENZYME	325.65	339.10	11.03
APL APOLLO TUBES	2919.35	2935.00	0.94
APOLLO HOSPITALS	2133.15	2139.00	2.30
BALKRISHNA INDS	1485.65	1514.70	0.19