Sensex, Nifty Modestly Higher In Early Trade; FMCG Stocks Decline

RTTNews | 1 dag sedan
Sensex, Nifty Modestly Higher In Early Trade; FMCG Stocks Decline

(RTTNews) - Indian shares were modestly higher on Wednesday, tracking firm cues from global markets and amid hopes for a rate cut by the RBI next week.

The benchmark S&P/BSE Sensex was up 230 points, or 0.3 percent, at 76,132 in early trade while the broader NSE Nifty index edged up by 84 points, or 0.4 percent, to 23,041.

Bajaj Auto jumped 3.7 percent and TVS Motor soared nearly 7 percent after posting better-than-expected results for the October-December quarter.

BEL, Shriram Finance, Tech Mahindra and Trent all rose around 2 percent while FMCG stocks such as Nestle India, Britannia Industries, Hindustan Unilever and Tata Consumer Products fell between half a percent and 1 percent.

Hyundai Motor edged up slightly despite reporting a 19 percent fall in its Q3 net profit.

Hindustan Zinc advanced 1.5 percent after putting demerger plans on hold.

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