The stock markets provided some respite to investors, whothe markets had been beating up from the last couple of trading sessions.
Hopes have been rekindled that the Bull Run in the Indianstock markets may have resumed and the entire massacre that happened was just acorrection after all.
Well, at the time of writing, the benchmarks index of theIndian stock market NIFTY 50 us up by 0.82%. The midcap stocks index MIDCAP 50is up by 0.32%. And the smallcap stocks index SMALLCAP 50 is up by 0.03%.
FMCG stocks are spearheading the upmove in the market,followed by metals & mining and pharma stocks. The indices for the three sectorswere up by 2.51%, 1.84%, and 1.41% respectively.
Realty stocks were down by 1.63%.
In NIFTY 50, the performers are NTPC, JSWSTEEL, andPOWERGRID all of which are up by more than 4%. The laggards are HEROMOTOCO, MARUTI,and M&M which are down by less than 0.90%.
All in all, a cheerful day for investors as the controlseems to have been wrested from bears.