Sensex, Nifty trade firm as Fed decision lifts sentiment; FMCG stocks lead gains
Mumbai, Oct. 29 -- The key equity indices were trading firm in afternoon trade. Sentiment improved after the US Federal Reserve kept interest rates unchanged. Buying by foreign portfolio investors (FPIs), who purchased shares worth Rs 872 crore on Wednesday, supported the recovery. However, elevated crude oil prices and US Treasury yields near 5% remained key concerns. The Nifty traded above 22,800 mark.
At 13:30 IST, the S&P BSE Sensex advanced 584.39 points or 0.80% to 73,830.42. The Nifty 50 index rose 148.80 points or 0.66% to 22,847.65.
In the broader market, the Nifty MidCap 150 Index rose 0.25% and the BSE 250 SmallCap Index added 0.19%.
The market breadth was positive. On the NSE, 1867 shares rose and 1581 shares fell. A total ...
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