FMCG, IT lift Sensex up 110 points

The BSE benchmark Sensex jumped over 100 points in the mid-session on Friday on emergence of buying as investors felt a long spell of selling was overdone. IT, FMCG, teck and healthcare stocks helped the Sensex recovery.

Market analysts said the investors were buying fundamentally strong stocks available at the existing, attractive lower levels following a sharp fall in share prices in the last few sessions.

At 2.00 p.m., the Sensex was up 110.16 points at 19,292.98 and the wide-based National Stock Exchange index was up 28.75 points at 5,780.65.

Volume toppers during the session were SBI, Tata Steel, L&T, Infosys and Tata Motors. Major Sensex gainers were Infosys, RIL, HDFC Bank, ICICI Bank, Hindustan Unilever, TCS and Jindal Steel. Tata Steel, Tata Motors and L&T were the major losers.

Among the sectoral indices, FMCG was up 1.54%, IT 1.37%, healthcare 1.16% and teck 1.11%. Auto was down 0.7%, capital goods 0.27%, realty 0.11% and PSU 0.03%. Of the total 2,864 stocks traded, 1,547 advanced, 1,210 declined and 107 remained unchanged.

In the opening session, the 30-share Bombay Stock Exchange barometer lost 90.53 points to 19,092.29 with financial, realty, auto and metal sector stocks leading the fall. It plunged 351.28 points in the previous session. The broad-based National Stock Ex change index Nifty also declined by 30.2 points to 5,721.70 points.