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Selling in the FMCG sector intensified as quarterly earnings of major companies suggested weak rural consumption and as cost pressures increased. FIIs net sold shares worth Rs 3,011 crore in the first two weeks of February, compared to the selling of over Rs 2,000 crore in the previous fortnight. ....
After the benchmark Nifty hit 21,000 mark just last week, the Sensex hit its 70,000 milestone in intraday deals today. The benchmark surged 232 points in intra-day deals to its new peak of 70,057.83. This is the 5th session in December when the Sensex has hit its peak. ....
On the sectoral front, Nifty Bank, Nifty FMCG, and Nifty IT declined, while Nifty Auto, Nifty Pharma, and Nifty Metal gained. In the broader market, Nifty Midcap 100 advanced 0.55%, and Nifty Smallcap 100 gained 0.52%. ....
An interesting thing to note is the section that is attracting retail money the most on Dalal Street. Retail investors are overwhelmingly present in mid-and small-cap stocks, a segment that risk-taking institutional investors typically stay away from. As of June end, the top 10 companies where retail holding was the highest are Ujaas Energy, Sintex Plastics, Visagar Polytex, Antarctica, Vikas Lifecare, Urja Global, MPS Infotecnics, Ortin Laboratories, Rolta India, Reliance Capital. ....
Indian benchmark indices rallied to touch fresh lifetime highs on Wednesday, a day before Eid ul Adha holiday. The 30-share BSE Sensex pack rose 301 points or 0.49% to hit an all-time high of 63,716, while the broader NSE Nifty50. Watch this Visual story to see where the market is headed and what should investors do. ....