Stock Market Highlights: Sensex ends 327 pts higher and Nifty50 reclaims 15,800 led by financial and FMCG shares

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Market Watch | Buying into FMCG reflects the current market scenario: Dilip Bhat, Joint MD, Prabhudas Lilladher

The FMCG names have taken it on the chin because of the rising commodity prices and very muted demand, especially coming from the rural areas. So overall, the volume growth has always been very muted for the FMCG companies for the last couple of quarters. So I think this is a big relief that the commodity prices are coming down and at the same time, we're also hearing that the rural demand is also firming up and is reviving in a very nice way. So I think all this adds up very well for the FMCG companies but yes, they are all very expensive. I think more than anything else, the buying into FMCG reflects the current market scenario where there's a lot of hesitancy, a lot of apprehensions, and a lot of uncertainty. So these stocks provide some kind of resilience to your portfolio and the way they have fallen, also on a risk-weighted basis, possibly they are at the bottom. So I think, yes, it makes sense to buy FMCG not from any great money-making point of view but to give some kind of defense in this uncertain times of the market with better management and with better cash flows. So I think these companies possibly will remain in the radar of a lot of people who want to have a little slightly cautious and defensive approach.

MARKET AT CLOSE

Market Snaps 3-day Losing Streak As Financials & FMCGs Gain

Sensex Rises 327 Points To 53,235 & Nifty 83 Points to 15,835

Nifty Bank Gains 401 Points To 33,941 & Midcap Index 182 Points To 26,770

FMCG Stocks Surge With Palm Oil Prices Falling 10%, Nifty FMCG Up 3%

ITC Continues The Upmove With Stock Rising To 3-year Highs

3 Of Top 5 Nifty Gainers Are FMCG Stocks (HUL, Britannia & ITC)

ONGC Slips Another 4% Today As Windfall Tax Weighs, Oil India Falls Too

Metals Stock Remain Weak As Global Prices Fall, JSW Steel Top Nifty Loser

Autos See A Mixed Reaction To June Sales, M&M, TaMo Slip While Bajaj Auto Rises

IDFC First Bank Is Top Midcap Gainer After Business Update, Stock Up 6%

Siemens Closes At Day’s High With A Gain Of 5% On Positive Brokerage Note

City Gas Cos Rise As Brokerages See ONGC’s Expected 50% Price Rise In Oct ‘At Risk’

AU Small Fin Bank Is Top Midcap Loser With A Fall Of 3% Post Qtrly Update

Market Breadth Favours Advances, Advance-Decline Ratio At 3:2

Closing Bell | Indian equity benchmark indices ended higher in the highly volatile session on July 4 with Nifty closing above 15,800. The Sensex was up 326.84 points or 0.62% at 53,234.77, and the Nifty was up 83.40 points or 0.53% at 15,835.40. 

UPL recovers & trading near day’s high, more than 3% off lows

Monetary policy smoothens out variations and volatility in relation to currency: Government sources to CNBC-TV18

HUL at day's high 

HDFC AMC has seen a substantial correction: Gaurav Ratnaparkhi

Gaurav Ratnaparkhi, Technical Analyst at Sharekhan said that HDFC AMC has seen a substantial correction. "The monthly chart shows that the stock is in the end of correction and if we go down to lower timeframes, a daily chart, then we can see that the base formation has already taken place. Stock has form a base triangle and has broken out on the upside. So substantial upmove looks on the cards and one should definitely hold on to the counter and can even do a cost averaging at current level and expecting upside towards Rs 2,300 from medium term perspective," he said. 

Tata Power 0.8% off day's high

Launching a mid-sized SUV on July 20: Shashank Srivastava of Maruti Suzuki

Buy HUL, Trent: Himanshu Gupta

Here are some recommendations by Himanshu Gupta of Globe Capital:

-- Buy Hindustan Unilever Ltd (HUL) for a target of Rs 2,360 with a stop loss at Rs 2,280 

-- Buy Trent with for a target of Rs 1,150 with a stop loss at Rs 1,102 

VA Tech near day's high after sharp spike 

Buy ITC, Pricol: Ashish Kyal

Here are some recommendations by Ashish Kyal of Waves Strategy Advisors

-- Buy ITC for a target of Rs 310 with a stop loss at Rs 280 

-- Buy Pricol Ltd for a target of Rs 147 with a stop loss at Rs 132 

-- Avoid Oil and Natural Gas Corporation (ONGC), I will use any moves on the upside in ONGC towards Rs 130 as a shorting opportunity again for a move towards Rs 115.