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The Sensex touched a record high of
39,115.57 during the day, while Nifty also closed above 11,650 level. About
1685 shares have advanced, 918 shares declined, and 145 shares are
unchanged. Tata Motors, Hindalco Industries, Wipro, Bharti Airtel and
Maruti Suzuki were the top gainers on the Nifty, while Zee Entertainment, UPL,
IOC, Eicher Motors and IndusInd Bank were among major losers.Among sectoral
indices, except bank and FMCG all other indices ended in green led by metal,
IT, infra, auto and pharma.
ITC
Consumption sector has
been a key driver for the market growth and there is a lot of potentials when
we look at the overall sector. Various government schemes and low penetration
in the rural market given immense opportunity and room to the segment for growth.Rising
incomes and growing youth population have been crucial progression drivers of
the sector. Brand perception has also supported demand. In this category, ITC
and Bata India and can be strong betsITC gave a strong earnings growth where it
reported net revenue growth of 15 percent .Currently, it is quoting near 292
and has the potential to reach up to 340.
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