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Indices trade with moderate gains; FMCG shares advabnce

Published on Jan 04, 2024 14:39

The domestic benchmark indices traded with significant gains in mid-afternoon trade. The Nifty traded above the 21,600 level. FMCG shares advance in the past two consecutive trading sessions.

At 14:30 IST, the barometer index, the S&P BSE Sensex, advanced 447.05 points or 0.63% to 71,803.65. The Nifty 50 index gained 126.80 points or 0.59% to 21,644.15.

In the broader market, the S&P BSE Mid-Cap index gained 1.30% and the S&P BSE Small-Cap index added 0.95%.

The market breadth was strong. On the BSE, 2,529 shares rose and 1,268 shares fell. A total of 116 shares were unchanged.

Buzzing Index:

The Nifty FMCG jumped 1.09% to 57,836.85. The index rose 1.1% in the two trading sessions.

Tata Consumer Products (up 3.55%), United Breweries (up 3.07%), Emami (up 3%), Varun Beverages (up 2.99%) and Godrej Consumer Products (up 2.84%) were the top gainers.

Among the other gainers were Dabur India (up 2.65%), Marico (up 2%), Britannia Industries (up 1.51%), Nestle India (up 1.42%) and Radico Khaitan (up 1.2%) edge higher.

Numbers to Track:

The yield on India`s 10-year benchmark federal paper shed 0.01% to 7.215 as compared with previous close 7.216

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.2300, compared with its close of 83.3075 during the previous trading session.

MCX Gold futures for 5 February 2024 settlement added 0.39% to Rs 62709.00.

The US Dollar index (DXY), which tracks the greenback`s value against a basket of currencies, was down 0.20% to 102.29.

The United States 10-year bond yield advanced 0.75% to 3.935

In the commodities market, Brent crude for February 2024 settlement declined 0.70 cents or 0.89% to $78.95 a barrel.

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