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Sensex Zooms 750 Points as FMCG Stocks Rally; HUL & Asian Paints Up 4%
Thu, 28 Apr 01:30 pm

Sensex Zooms 750 Points as FMCG Stocks Rally; HUL & Asian Paints Up 4%

Share markets in India have extended early gains and are presently trading on a strong note.

Benchmark indices firmed up in afternoon deals as global cues turned supportive.

However, global markets remain mixed and F&O expiry will likely keep volatility high on Indian markets.

Currently, the BSE Sensex is trading up by 691 points, up 1.2%, at 57,500 levels.

Meanwhile, the NSE Nifty rose above the 17,200-mark and is presently trading up by 204 points.

Shares of Asian Paints, HUL and L&T soared around 3-4% while ITC and Infosys added to the gains.

HCL Tech and Bharti Airtel, on the other hand, remain the only losers from Sensex.

Hindustan Unilever (HUL) shares surged 5% after the company beat street estimates on the earnings and volume front.

Broader markets are underperforming benchmarks today. The BSE Midcap and BSE Smallcap index are trading 0.2% and 0.1% higher.

Among individual stocks, Trent share price is in focus after the Tata group retail firm reported a consolidated net loss of Rs 208.7 m for the fourth quarter ended in March 2022.

This is against a net profit of Rs 174.4 m in the year ago period.

Meanwhile, Indian Hotels is also in focus and gained 5% on strong Q4 numbers. It reported a consolidated net profit of Rs 715.7 m in the March quarter against a consolidated net loss of Rs 977.2 m in the same period last year.

In her latest video, lead smallcap analyst at Equitymaster Richa Agarwal discusses what to expect from smallcap stocks in 2022.

Is it time to be cautious when it comes to smallcaps? Will smallcap stocks outperform in fiscal 2023?

Richa answers all these questions in the video below. Tune in to find out more:

More details to follow in the upcoming commentary.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


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