Closing Bell: Sensex closes 373 points higher, Nifty above 10,600; FMCG leads rally
Shares were off to a flying start on Monday, thanks to a sharp rally among consumption names in the last couple of hours
Among sectors, financials, automobiles, consumption, and IT names were in the green, while investors sold metals and pharmaceuticals segments. In the broader markets, Nifty Midcap index underperformed benchmarks but closed with gains of around 0.2 per cent.
At the close of market hours, the Sensex was up 373.06 points or 1.07% at 35354.08, while the Nifty ended higher by 101.80 points or 0.97% at 10628.60. The market breadth was negative as 1,080 shares advanced, against a decline of 1,508 shares, while 160 shares were unchanged.
Hero MotoCorp, Wipro, and HUL are the top gainers, while ONGC, Sun Pharma, and Yes Bank lost the most.
HEADLINES OF THE DAY
Lupin receives USFDA approval for Clomipramine HCL capsules
BEML bags order worth Rs3,015cr for Mumbai Metro
Alembic Pharma JV gets USFDA approval for Lidocaine ointment
The crucial resistance for the Nifty spot is now seen at 10700 and above this 10830 Support for the immediate term is now placed at 10500 next support will be 10440.
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