Sensex Gains 267 Points, Nifty Ends Near 22600; FMCG & Realty Stocks Shine

The Indian share market witnessed a positive trend on May 22, 2024, with the benchmark index Sensex gaining 267 points and Nifty ending near 22,600. The FMCG and realty stocks were the major gainers, contributing to the overall positive sentiment.

The Sensex closed at 76,136.88, up by 267.23 points or 0.35%, while the Nifty50 ended at 22,592.20, up by 69.55 points or 0.31%. In the early trade, the market indices opened in the green zone, supported by positive global cues and strong buying in FMCG and realty stocks.

The FMCG sector outperformed the benchmark indices, with ITC, HUL, and Nestle India among the top gainers. The realty sector also performed well, led by DLF, Godrej Properties, and Oberoi Realty. Other sectors that contributed to the positive trend include IT, metal, pharma, and banking.

The positive sentiment in the market can be attributed to the easing of COVID-19 restrictions in various parts of the country, which has resulted in increased economic activity. The government’s efforts to boost the economy through various measures, such as the National Infrastructure Pipeline (NIP) and the Production Linked Incentive (PLI) scheme, have also boosted investor confidence.

Moreover, the positive global cues, with the US Federal Reserve maintaining its dovish stance and the easing of tensions between the US and China, have also supported the market sentiments.

In conclusion, the Indian share market witnessed a positive trend on May 22, 2024, with the benchmark index Sensex gaining 267 points and Nifty ending near 22,600. The FMCG and realty stocks were the major gainers, supported by positive global cues and the easing of COVID-19 restrictions in various parts of the country. The government’s efforts to boost the economy through various measures have also boosted investor confidence.

Hashtags: #ShareMarketHighlights #Sensex #Nifty #FMCG #RealtyStocks #PositiveSentiments

Tags: Indian Share Market, Economy, COVID-19 Restrictions, Positive Global Cues, National Infrastructure Pipeline, Production Linked Incentive, Investor Confidence, ITC, HUL, Nestle India, DLF, Godrej Properties, Oberoi Realty, IT, Metal, Pharma, Banking.

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