Positive global cues lift Indian equities, FMCG stocks gain (Second Lead)

Mumbai May 22 (IANS) Positive global cues and healthy buying in FMCG consumer durables and capital goods stocks lifted the Indian equity markets on Monday.

The S&P FMCG index witnessed a surge of 297.25 points or 3.09 per cent during intra-day trade.

The key indices which started off the day s trade on a strong note pared some gains to provisionally close in the green as investors booked profits.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 11.40 points or 0.12 per cent to 9 439.30 points.

The 30-scrip Sensitive Index (Sensex) of the BSE which opened at 30 638.88 points provisionally closed at 30 570.97 points (at 3.30 p.m.) -- up 106.05 points or 0.35 per cent from its previous close at 30 464.92 points.

The Sensex touched a high of 30 712.15 points and a low of 30 516.87 points.

However the BSE market breadth was bearish -- with 1 837 declines and 887 advances.

On Friday the NSE Nifty closed at 9 427.90 points while the BSE Sensex closed at 30 464.92 points.

--IANS
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