Oil & Gas, FMCG help Sensex gain 107 points

Mumbai, June 23:

The Bombay Stock Exchange benchmark Sensex wiped off its early losses and recovered by over 100 points in the morning session today led by Oil & Gas, Teck, FMCG and IT stocks amid mixed Asian cues.

At 11.00 a.m., the Sensex was up 107.33 points or 0.61 per cent at 17,657.96 and the Nifty up 22.2 points or 0.42 per cent at 5,300.50.

Volume toppers during the session were Infosys, RIL, SBI, Tata Steel and Tata Motors. Major Sensex gainers were RIL, ITC, Infosys, Bharti Airtel, Wipro, SBI and ICICI Bank. HDFC Bank, BHEL and Cipla were the major losers.

Among the sectoral indices, Oil & Gas was up 1.3 per cent, FMCG 0.64 per cent, Teck 0.63 per cent and IT 0.6 per cent. Healthcare was down 0.69 per cent, capital goods 0.32 per cent, metal 0.07 per cent and realty 0.05 per cent. Of the total 2,344 stocks traded, 849 advanced, 1,383 declined and 112 remained unchanged.

During the opening session, the 30-share barometer, which lost 9.67 points yesterday, fell further by 41.49 points or 0.23 per cent to 17,509.14. Similarly, the broad-based National Stock Exchange Nifty index lost 16.3 points or 0.3 per cent, to 5,262.

PTI adds:

A bout of volatility was witnessed in the early trade as the key benchmark indices resumed lower on weak Asian stocks, which fell after the US Federal Reserve lowered its growth forecast for the world’s biggest economy. US index futures, too, nudged lower.

Asian stocks fell in the early trade after the US Federal Reserve lowered its growth forecast for the world’s biggest economy, fuelling global growth concerns.

The key benchmark indices in Hong Kong, Indonesia, South Korea, Japan and Taiwan fell by between 0.27 per cent and 0.78 per cent. The key benchmark indices in China and Singapore rose between 0.03 per cent and 0.24 per cent.
source-Business line
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