Stock Market Update: The domestic stock market had a weak start on Monday due to signals from the global market. Selling in metal, bank and IT stocks has put pressure on the market. The Sensex fell over 200 points in early trade. On the other hand, Nifty is trading near 17000.
In the sectoral index, buying is seen in Nifty Pharma, Nifty Realty, Nifty Oil & Gas and Nifty Healthcare index. Last month, the Sensex recorded a fall of 2111 points. In September, FPIs sold shares worth Rs 7624 crore from the stock market. Earlier in the month of August, FPI had bought 51204 crores in the market. 4989 crores were bought in July.
FMCG Stocks in Focus
The government reduced the base import price on crude palm oil.
Price reduced from $996/tonne to $937/tonne.
Base import price on rBD palm oil reduced from $1019/tonne to $982/tonne.
The base import price on crude soy oil has been reduced from $1362/tonne to $1257/tonne.
Nifty Top Losers
Hindalco, Kotak Bank, M&M, IndusInd Bank, TCS, Tata Steel.
Nifty Top Gainers
ONGC, Eicher Motors, Apollo Hospital, HUL, NTPC.
