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Sensex ends 106 points higher as FMCG stocks rally




 The benchmark Sensex today closed 106 points higher at 30,570.97 with FMCG counters holding one end up following the GST boost.
The FMCG sector continued to remain buyers' fancy on the back of the GST Council fixing rates for most of the items last week. Common use products such as hair oil, soaps and toothpaste would cost less from July 1 when the GST is expected to roll out.
Both key indices Sensex and Nifty extended gains by ending higher by 106 points and 10 points, respectively on sustained buying ahead of the expiry of futures and options May contract on coming Thursday.
The Sensex resumed higher at 30,638.88 and advanced further to 30,712.15 on initial strong buying. However, it dropped afterwards to 30,516.87 on profit-booking at higher levels before ending at 30,570.97, showing a gain of 106.05 points or 0.35 per cent.
The 30-share pack has gained 136.18 points, or 0.45 per cent, in last two sessions.
The NSE 50-share Nifty also firmed up by 10.25 points, or 0.11 per cent, to close at 9,438.25 after moving in a range of 9,427.90 and 9,498.65.
The market breadth turned negative as 1,844 stocks closed lower, 877 stocks finished higher while 190 stocks ruled steady.
The total turnover on BSE amounted to Rs 4,815.15 crore, higher than turnover of Rs 4,134.78 crore registered during the previous trading session.
 





Editorial

Précis 2017
From asking his party men to ‘live a simple life and serve the people’ to taunting the BJP for its ‘crocodile tears’, Chief Minister and BJD supremo Naveen Patnaik has not only become politically invincible, he seems to be so in the coming years too.

National

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International

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Business

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Entertainment

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Interview

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Leisure

* Tata Steel Bhubaneswar Literary Meet from Jan 11
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