The Indian equity markets settled marginally higher on Thursday ahead of the Federal Reserve policy meeting that may include an announcement of further stimulus measures. FMCG, oil & gas and PSU stocks led the rise while mid and small-caps underperformed the benchmark indices
The Sensex closed at 18021, up 21 points while the Nifty jumped 5 points up to end the day at 5436.
Major gainers were Hero Motocorp (1.87%), Bharat Heavy Electricals (1.57%), Hindustan Unilever (1.18%), Oil & Natural Gas Corporation (1.16%), Bajaj Auto (1.15%), and ICICI Bank (1.02%).
Major losers were Bharti Airtel (2.85%), Cipla (2.44%), Tata Motors (1.41%), Jindal Steel & Power (1.27%), Mahindra & Mahindra (0.95%), and Sterlite Industries (India) (0.94%)
The FMCG index was up by 0.58%. Major gainers were United Breweries (12.07%), Hindustan Unilever (1.18%), Colgate-Palmolive (India) (1.17%), Godrej Consumer Products (0.27%) and I T C (0.22%).
The PSU index was up by 0.55%. Major gainers were Container Corporation Of India (2.55%), Bharat Petroleum Corporation (1.9%), Bharat Heavy Electricals (1.57%), Coal India (0.94%) and Corporation Bank (0.05%).
The HC index was down by 1.15%. Major losers were Biocon (2.96%), Cipla (2.44%), Cadila Healthcare (1.92%), Divis Laboratories (1.73%) and Aurobindo Pharma (0.73%).
Major losers in the mid – cap space were Alok Industries (4.78%), Alstom India (1.65%), Aban Offshore (1.35%), Allcargo Logistics (1.14%) and CORE Education and Technologies (0.8%).
Major losers among small - cap were Action Construction Equipment (3.12%), Styrolution ABS (India) (2.69%), A B G Infralogistics (2.56%), Aanjaneya Lifecare (2.24%) and A2Z Maintenance & Engineering Services (1.74%).
Globally, Asia ended on a mixed note while European indices were trading in the red.
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