Sensex, Nifty end higher on consumer stock rally; FMCG leads gains

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Key Points

The S&P BSE Sensex added 102.44 points to end at80,905.30,.

Benchmark stock market indices closed marginally higher on Wednesday, helped by a rally in consumer stocks...

Mr. Aditya Gaggar Director of Progressive Shares said that after a knee-jerk reaction in the opening trade, the Index gradually compounded its gains to end the trade at 24,770.20 with gains of 71.35 points.. "Defensive FMCG was the top gainer by soaring over 1.30% followed by Media (+1.20%) and Pharma (+0.91%); and on the flip side, Realty (1.31%) was the major loser," he added...

Financials that are attractively valued are experiencing value buying, while overvalued sectors such as railways and defense-related stocks are seeing profit booking," said Vaibhav Vidwani, Research Analyst, Bonanza Portfolio Ltd...

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