Mid-Session: Sensex surges 70 pts, Nifty reclaims 9,800; FMCG, auto stocks rally 16/08/2017

Mid-Session: Sensex surges 70 pts, Nifty reclaims 9,800; FMCG, auto stocks rally
16/08/2017
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE
                                        
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Indian equities climbed up in the late morning deals on Wednesday, tracking strong cues from Asian peers, led by strong buying in FMCG and auto stocks. FMCG Major ITC rose over 2 per cent, followed by ADF Foods, Venky's (India), Tata Global Beverages, Godfrey Philips and Heritage Foods. Tata Global Beverages jumped over 8 per cent, hitting 52-week high, after the company said it will launch its premium natural mineral water brand 'Himalayan' in the US market.

At 12:20 hours, the 30-share benchmark index was trading at 31519.97, up by 70.94 points or by 0.23 per cent, and the NSE Nifty was at 9813.85, up by 19.7 points or by 0.2 per cent.

In the day’s trade so far, the Sensex touched intraday high of 31602.64 and intraday low of 31399.35, while the NSE Nifty touched intraday high of 9830.75 and intraday low of 9773.85.

The top gainers of the BSE Sensex pack were ITC Ltd. (Rs. 278.15,+2.58%), Hero MotoCorp Ltd. (Rs. 4034.00,+2.02%), Hindustan Unilever Ltd. (Rs. 1175.15,+1.98%), Sun Pharmaceutical Industries Ltd. (Rs. 480.30,+1.65%), Housing Development Finance Corporation Ltd. (Rs. 1736.75,+1.30%), among others.

On the flip side, sian Paints Ltd. (Rs. 1135.00,-1.65%), Larsen & Toubro Ltd. (Rs. 1132.15,-1.26%), Reliance Industries Ltd. (Rs. 1555.80,-1.10%), Dr. Reddy's Laboratories Ltd. (Rs. 1979.95,-1.09%), ICICI Bank Ltd. (Rs. 288.85,-1.01%), were among top losers on BSE.

On the sectoral front, FMCG and auto stocks emerged as top gainers on BSE, adding as much as 1.89 per cent and 0.98 per cent respectively.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2494, shares advanced were 1438, while 947 shares declined and 109 were unchanged.

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