Weekly market reports

19 May Closing Update- Sensex settles with small gains, FMCG stocks gained

The last trading day witnessed a divergent trend as the BSE index, Sensex settled with small gains whereas the NSE Nifty settled a bit lower. The Sensex, rose 30.13 points or 0.1% at 30,464.92,. The Nifty index was off 1.55 points or 0.02% at 9,427.90, Gains triggered by stable global stocks and reports of the GST Council finalizing rates for most goods were mostly offset by profit booking. SBI rose 1.9 percent after net profit rose 122.72 percent to Rs 2,814.82 Cr, on 7.83 percent increase in total income to Rs 57,720.10 crore in Q4 FY17 year-on-year. FMCG stocks gained on hopes the new GST ...
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