Mumbai, Dec 8 (PTI) Unabated buying by domestic

institutions propelled the benchmark Sensex beyond the 33,000

-mark today, with FMCG stocks securing a podium finish.

The broader Nifty too put up a strong show by notching up

gains of close to 1 per cent.

Buying sentiment was bolstered after opinion polls gave

an edge to the BJP in the upcoming Gujarat elections, while

upbeat global leads added to the momentum.

The 30-share BSE Sensex opened on a strong footing at

33,034.20 and maintained its upward trend to hit the day’s

high of 33,285.68 before ending at 33,250.30, up 301.09

points, or 0.91 per cent.

The index had rallied 352.03 points in the previous

session on value-buying by investors in recently-battered

blue-chip stocks.

The Nifty finished the day at 10,265.65, a hefty gain of

98.95 points, or 0.97 per cent, after shuttling between

10,270.85 and 10,195.25.

On a weekly basis, the Sensex gained 417.36 points, or

1.27 per cent, while the Nifty advanced 143.85 points, or 1.42

per cent.

Most Asian and European markets rallied as investors

awaited major economic data from China and the US amid

overnight gains at Wall Street following reports that

President Donald Trump is planning to unveil a big-spending

public works plan.

“The buying momentum in Indian markets was given a boost

by hopes that the ruling BJP would win the critical state

elections in Gujarat, which would lay the groundwork for the

general elections in 2019… Stability at a governance level

is positive for market sentiment,” said Karthikraj Lakshmanan,

Senior Fund Manager Equities, BNP Paribas Mutual Fund.

Domestic institutional investors (DIIs) were net buyers

as they bought shares worth Rs 926.68 crore yesterday while

foreign portfolio investors (FPIs) offloaded equities

amounting to Rs 1,075.62 crore, provisional data showed.

ITC emerged as the leader of the Sensex pack today, with

a 3.44 per cent rise, followed by Tata Motors at 2.21 per


Other gainers were Sun Pharma, HUL, Cipla, ONGC, Maruti

Suzuki, HDFC Bank, Bharti Airtel, Axis Bank, ICICI Bank, HDFC

Ltd and Tata Steel, gaining up to 2.21 per cent.

In contrast, Hero MotoCorp, SBI, Reliance Industries,

TCS, Asian Paint and Dr Reddy’s succumbed to profit-booking.

All the sectoral indices ended in the green. The BSE FMCG

index topped with a robust 2.23 per cent rise, followed by

metal 1.36 per cent, healthcare 1.35 per cent, consumer

durables 1.15 per cent, oil & gas 1.02 per cent, auto 0.97 per

cent, bankex 0.92 per cent and realty 0.72 per cent.

In keeping with the overall trend, the small-cap and mid

indices rose 1 per cent and 0.89 per cent.

In the Asian region, Japan’s Nikkei rose 1.39 per cent,

Hong Kong’s Hang Seng gained 1.19 per cent, while Shanghai

Composite Index gained 0.55 per cent.

European shares too were in the positive zone in their

early deals, with Frankfurt’s DAX rising 1.29 per cent and

Paris CAC 40 up 0.73 per cent. London’s FTSE was up 0.27 per


This is published unedited from the PTI feed.