D-Street Buzz: FMCG stocks rally with HUL up 4%; HDFC Bank, Wipro gain 2-3%, ONGC drags

What a remarkable rally the market has witnessed  as the Indian benchmark indices rallied close to a percent with the Nifty50 jumping 92 points, trading at 10,619 while the Sensex is up 345 points at 34,326.

Nifty FMCG is the outperforming sector, up over 2 percent led by Colgate Palmolive, Dabur India, Godrej Consumer, Hindustan Unilever and United Spirits.

Bank Nifty is also up 1 percent with gains from Axis Bank, HDFC Bank, IDFC Bank and ICICI Bank. YES Bank however tanked 5 percent in this afternoon trade.

From the IT space, the top gainers include HCL Tech, KPIT Tech, Mindtree, Wipro and Tata Consultancy Services.

Nifty metal is down over 2 percent dragged by JPSL which tanked 6 percent followed by Coal India, SAIL, Tata Steel, Vedanta, JSW Steel and Welspun Corp.

The top gainers from NSE include Hindustan Unilever, Hero MotoCorp, Wipro, Asian Paints and IndusInd Bank.

The top losers included YES Bank, ONGC, Coal India, Sun Pharma and Vedanta.

The most active stocks were YES Bank, Infosys, Reliance Industries, HDFC Bank and TCS.

Electrosteel Steels and Vindhya Telelinks are some of the few stocks which hit new 52-week high on the NSE.

71 stocks have hit new 52-week low including names like ABG Shipyard, Amtek Auto, Coal India, Hexaware Technologies, Bajaj Corp, IL&FS Investment Managers, NTPC, Prabhat Dairy, SAIL, Amtek Auto, Andhra Cements, Coal India, Mahindra Lifespace and Vedanta among others.

The breadth of the market favoured the declines with 664 stocks advancing and 1064 declining while 363 remained unchanged. On the BSE, 987 stocks advanced, 1539 declined and 162 remained unchanged.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

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