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Metals, FMCG shares pull Sensex up by 158 points

In volatile trade, the S&P BSE benchmark Sensex on Monday advanced by 158 points — the most in over three weeks — on buying in metal, FMCG and healthcare stocks amid encouraging trade data and hopes of more steps by government to support the weak rupee.Gains in Sensex were, however, capped after SBI shares slipped by over 3.4 per cent on dismal earnings.

The 30-share index, which had gained 124.46 points in the previous session, rose further by 157.64 points, or 0.84 per cent, to 18,946.98. Intra-day, it had touched 19,066.97.

Monday’s gain was Sensex’s best since 179.6 points on 18 July. Brokers said the market was in oversold zone following recent bearish phase and investors indulged in picking fundamentally strong stocks available at attractive levels.

Among Sensex components, 20 stocks ended with gains led by ITC, Sun Pharma, Infosys, Jindal Steel, Sterlite Industries, Hindustan Unilever and Bajaj Auto. The broad-based National Stock Exchange index Nifty rose 46.75 points, or 0.84 per cent, to cross the key 5600-mark. It ended at 5,612.40, led by metal, FMCG and healthcare stocks.

SX40 index, the flagship index of MCX-SX, closed at 11,258.94, up 105.09, or 0.94 per cent.
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