The NSE Nifty continued to hover around its psychological 5600 mark. All sectoral indices were trading in green. The BSE FMCG index has outperformed other sectoral indices, rising over 2%. Metals, power, IT and banking stocks too have surged.
The BSE broader indices - midcap and smallcap were up by nearly 1% each. Ambareesh Baliga, COO, Way2Wealth says the pullback is due to short covering.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
