Indices slip into red; IT, FMCG stocks under pressure

September 28, 2023 / 07:32 AM IST

Market on Wednesday: Bulls back in action; Sensex rises 173 points, Nifty above 19,700

In yet another volatile session, the equity indices ended on a positive note on September 27 with Nifty above 19,700 led by PSU Bank, Capital Goods and Healthcare stocks.

At close, the Sensex was up 173.22 points or 0.26 percent at 66,118.69, while the Nifty was up 51.80 points or 0.26 percent at 19,716.50.

On the back of mixed global cues, the domestic indices opened on a negative note and extended the losses in the first few hours. However, in the afternoon session, the market erased all the losses and closed near the day’s high.

Major gainers on the Nifty were Coal India, ITC, Larsen & Toubro, Cipla and LTIMindtree, while losers were Titan Company, Grasim Industries, Hero MotoCorp, SBI and BPCL.

Among sectors, PSU Bank, Capital Goods, FMCG, Realty and Healthcare indices were up 0.5-1 percent, while some selling was seen in the oil & gas names.