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Closing Bell: Sensex closes 373 points higher, Nifty above 10,600; FMCG leads rally

Market at Close Shares were off to a flying start on Monday, thanks to a sharp rally among consumption names in the last couple of hours Among sectors, financials, automobiles, consumption, and IT names were in the green, while investors sold metals and pharmaceuticals segments. In the broader markets, Nifty Midcap index underperformed benchmarks, but closed with gains of around 0.2 percent. At the close of market hours, the Sensex was up 373.06 points or 1.07% at 35354.08, while the Nifty ended higher by 101.80 points or 0.97% at 10628.60….

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Sensex, Nifty Edge Lower on Profit-Taking After Four-Day Rally

Mumbai: Indian stock markets edged lower on Tuesday for the first time in five days as investors booked profits in banking shares such as State Bank of India amid cautious trading ahead of major central bank meetings. Asian stock markets also wobbled, after they hit a two-month high in the previous session, ahead of the European Central Bank’s policy review on Thursday and U.S. Federal Reserve’s policy meeting next week. “It’s a retracement that we are seeing after last week’s rally,” said AK Prabhakar, head of research at IDBI Capital….

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