Positive global cues lift Indian equities, FMCG stocks gain


Mumbai, May 22 (IANS): Positive global cues and healthy buying in FMCG, consumer durables and capital goods stocks lifted the Indian equity markets on Monday.

The S&P FMCG index witnessed a surge of 297.25 points or 3.09 per cent during intra-day trade.

The key indices, which started off the day's trade on a strong note, pared some gains to provisionally close in the green, as investors booked profits.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 11.40 points or 0.12 per cent to 9,439.30 points.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 30,638.88 points, provisionally closed at 30,570.97 points (at 3.30 p.m.) -- up 106.05 points or 0.35 per cent from its previous close at 30,464.92 points.

The Sensex touched a high of 30,712.15 points and a low of 30,516.87 points.

However, the BSE market breadth was bearish -- with 1,837 declines and 887 advances. 

On Friday, the NSE Nifty closed at 9,427.90 points, while the BSE Sensex closed at 30,464.92 points.

  

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Title: Positive global cues lift Indian equities, FMCG stocks gain



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