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Nifty posts third straight gain led by FMCG and consumption sectors
Nifty 50 rose for a third day to 25,709, lifted by FMCG and consumption gains while IT stocks underperformed amid margin pressures.
The Nifty 50 advanced for a third consecutive session to close at 25,709, supported by FMCG and consumption-oriented stocks. IT shares lagged due to margin concerns. Analysts cited festive demand and easing crude prices as key drivers. Broader participation from mid-caps improved market breadth, while foreign inflows remained steady. Traders expect range-bound moves ahead of Samvat 2082 sessions with focus on FMCG quarterly results.