Moneycontrol
Last Updated : Dec 07, 2018 02:25 PM IST | Source: Moneycontrol.com

D-Street Buzz: FMCG stocks rise with Colgate up 4%; BHEL hits new 52-week low, metals drag

The breadth of the market favoured the declines with 751 stocks advancing and 915 declining while 397 remained unchanged. On the BSE, 1028 stocks advanced, 1378 declined and 165 remained unchanged.

Sandip Das @Im_Sandip1

The Indian stock market continues to trade on a positive note and has extended the morning gains this Friday afternoon with the Nifty50 up 45 points, trading at 10,646 while the Sensex gained 218 points and is trading at 35,530.

Nifty Media is trading in the green aided by gains from Zee Entertainment which jumped 2 percent followed by EROS International Media, DEN Networks, Jagran Prakshan, UFO Moviez, INOX Leisure and Sun TV Network.

Bank Nifty is up close to a percent led by Kotak Mahindra Bank which jumped 6 percent after Warren Buffett's Berkshire Hathaway is in talks for a 10 percent stake buy in the bank valued at between $4 billion and $6 billion.

The other gainers included ICICI Bank, Bank of Baroda and Axis Bank.

From the FMCG space, the top gainers are Colgate Palmolive, Dabur India, Godrej Consumer, Hindustan Unilever, Marico and GSK Consumer.

Metal stocks are down with loses from JSPL, JSW Steel, SAIL, Tata Steel and Coal India.

The top gainers from NSE include Kotak Mahindra Bank, Adani Ports, Zee Entertainment, Asian Paints and Infosys.

The top losers included HCL Tech, GAIL India, NTPC, Indiabulls Housing Finance and Coal India.

The most active stocks were Kotak Mahindra Bank, HCL Tech, Sun Pharma, Axis Bank and YES Bank.

Sakuma Exports and Tube Investments are two of the only three stocks to have hit new 52-week high.

127 stocks have hit new 52-week low including names like Ashapura Intimates, Balkrishna Industries, Coal India, Deepak Fertilizers, GPT Infraprojects, HT Media, IL&FS Transportation Networks, BHEL, Navkar Corporation, Oil India, Prabhat Dairy, Prakash Industries, Punj Lloyd, Steel Authority of India, Sun Pharma Advanced Research Company, Tata Motors and Transformers And Rectifiers among others.

The breadth of the market favoured the declines with 751 stocks advancing and 915 declining while 397 remained unchanged. On the BSE, 1028 stocks advanced, 1378 declined and 165 remained unchanged.

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

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First Published on Dec 7, 2018 02:24 pm
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