Indian stocks advanced on Wednesday, primarily driven by FMCG (Fast Moving Consumer Goods) stocks, ahead of the Reserve Bank of India’s monetary policy decision. The market also drew support from hopes that major central banks would pause interest rate hikes.
The Nifty 50 index, consisting of blue-chip stocks, gained 127 points and closed at 18,726, while the S&P BSE Sensex, the benchmark index, rose 350 points to close at 63,142. In today’s session, all 15 major sectoral indexes of the Nifty registered gains. Leading the way were Tata Consumer, Britannia, and Nestle, which contributed to the rise in the FMCG sector and emerged as top gainers. Noteworthy gainers also included BPCL, HDFC Life, and Tata Motors. However, Kotak Bank and Cipla experienced a 1% decline and emerged as the biggest laggards.
Every sectoral index ended the day in positive territory, with Energy, Realty, Metal, and FMCG sectors climbing more than 1%. Healthcare, IT, and PSU Bank indices were also among the prominent gainers in today’s session.
Top Losers of Today –
| Symbol | Open | High | Low | Prev. Close | LTP | %chng |
| KOTAKBANK | 1972 | 1972 | 1936 | 1959.05 | 1939.4 | -1 |
| CIPLA | 972.95 | 977.9 | 958.5 | 972.05 | 962.5 | -0.98 |
| MARUTI | 9788 | 9800 | 9650.5 | 9736.2 | 9673 | -0.65 |
| BAJFINANCE | 7120 | 7141 | 7062 | 7113.95 | 7084.95 | -0.41 |
| ADANIPORTS | 750 | 751 | 741.95 | 745.4 | 743.45 | -0.26 |
| ICICIBANK | 944.35 | 945.85 | 933.8 | 942.1 | 940 | -0.22 |
| M&M | 1422.8 | 1422.8 | 1395 | 1411.2 | 1409 | -0.16 |
Data Source: NSE