Sensex jumps 769 pts, Nifty above 24,850; bulls charge with FMCG, IT stocks

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Sensex jumps 769 pts, Nifty above 24,850; bulls charge with FMCG, IT stocks - Business Standard

Quick Summary:

The Sensex settled at 81,721.63, up 769.09 points or 0.95 per cent, while the Nifty50 closed at 24,853.15, gaining 243.45 points or 0.99 per cent.

On the sectoral front, except pharma, all key sectors contributed to the upmove, with FMCG, financials, and IT emerging as the top gainers.

We maintain our view of adopting a “buy on dips” strategy, with a focus on selective stock picking, unless the Nifty decisively breaks below the 24,500 mark," Mishra said.