Indices snap 4-day losing streak; FMCG shares rally
Mumbai, Oct. 5 -- The domestic equity benchmarks ended with moderate gains today, snapping a four-session losing streak, as buying interest emerged across select sectors. The Nifty settled above the 22,550 mark.
Investors remained focused on the upcoming Reserve Bank of India (RBI) monetary policy meeting outcome later this week. Market participants will also track movements in global Treasury yields and the US Federal Reserve's policy trajectory for cues on the future path of interest rates.
FMCG, Consumer Durables and PSU Bank shares advanced while Pharma and IT stocks declined.
As per provisional closing data, the barometer index, the S&P BSE Sensex jumped 472.77 points or 0.66% to 72,382.47. The Nifty 50 index rose 133.80 points or...
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