Nifty Index Surpasses 24,300 as FMCG Stocks Rally
Nifty tad above 24,300 level; FMCG shares advance
Business Standard
Image: Business Standard
In morning trading, the Nifty 50 index rose 104 points to reach 24,301.50, while the S&P BSE Sensex increased by 344.65 points to 78,333.33. FMCG stocks continued their upward trend for the third consecutive session, driven by strong performances from major companies.
- 01Nifty 50 index increased by 104 points to 24,301.50.
- 02S&P BSE Sensex jumped 344.65 points to 78,333.33.
- 03FMCG index rose 1.76%, marking a total gain of 2.72% over three sessions.
- 04Om Power Transmission shares debuted at Rs 181.10, closing at Rs 190.15.
- 05VST Industries reported a net profit increase of 120.16% in Q4 FY26.
Advertisement
In-Article Ad
The Nifty 50 index traded above 24,300, gaining 104 points to reach 24,301.50, while the S&P BSE Sensex surged 344.65 points to 78,333.33 during morning trading. The broader market showed positive momentum, with the BSE 150 MidCap Index rising 0.99% and the BSE 250 SmallCap Index increasing 1.29%. The FMCG sector led the gains, with the Nifty FMCG index climbing 1.76% and achieving a total increase of 2.72% over three sessions. Major contributors included Colgate-Palmolive (India), Emami, and United Spirits. Additionally, shares of Om Power Transmission debuted at Rs 181.10, closing at Rs 190.15, reflecting a premium over the issue price. VST Industries saw its standalone net profit soar by 120.16% to Rs 116.69 crore in Q4 FY26 compared to the previous year.
Advertisement
In-Article Ad
The rise in the Nifty and FMCG stocks indicates a positive market sentiment, which could lead to increased consumer confidence and spending. This may benefit investors and homebuyers as the economy shows signs of recovery.
Advertisement
In-Article Ad
Reader Poll
Do you think the stock market will continue to rise in the coming weeks?
Connecting to poll...
More about S&P BSE
Read the original article
Visit the source for the complete story.