MARKET LIVE: parent gain benchmarks; mid caps outperform; Decrease in IT and FMCG stocks

LIVE market updates: Indian benchmarks soared above initial highs but still trading in the green, Indian government decision to vaccinate all people over 18 against Covid-19 from May 1, sentiment investors.

The S&P BSE Sensex traded around 48,050 levels, up 100 points, and the Nifty50 index hovered around 14,400. Bajaj Finance, Dr Reddy’s, Mahindra & Mahindra and Bajaj Finserv gained 3% each and were the top Sensex winners.

All Nifty sector indices traded in the green, led by the Nifty PSU Bank index, which rose 1.7%.

In larger markets, the S&P BSE MidCap and SmallCap indices each rose 1.7%.

A total of nine companies, including Nestlé India, Tata Steel Long Products and Welspun Investments and Commercials, are expected to release their quarterly results today.

Increased home consumption, better demand from rural and urban India, sustainable growth of Maggi noodles and new product launches are some of the factors that analysts say will drive the growth of FMCG maker Nestle India. in January – Quarter of March 2021. READ MORE

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About Nicole Harmon

Nicole Harmon

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