Sensex up 150 points, Nifty above 11,700 led by banks; FMCG stocks drag
Updated : June 18, 2019 12:30 PM IST
Indian equity benchmark indices BSE Sensex and NSE Nifty 50 trade higher on Tuesday, a day after the massive sell-off across all sectors. The two-day meeting of the Federal Reserve begins today, with the decision on interest rate on Wednesday.
The Nifty FMCG index was the worst performing index during the afternoon session dragged majorly by Dabur, Emami, United Breweries and others. Meanwhile, Nifty Media was the best-performing sector in the green.
IndusInd Bank, Zee Entertainment, ICICI Bank, Vedanta and Power Grid Corporation were among the top gainers on the key indices, whereas Indiabulls Housing Finance, Bharti Infratel, Asian Paints, Hindalco and Britannia led losses.