{"id":46745,"date":"2024-05-07T10:22:47","date_gmt":"2024-05-07T10:22:47","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/05\/07\/sensex-nifty-end-lower-fmcg-stocks-rally\/"},"modified":"2024-05-07T10:22:47","modified_gmt":"2024-05-07T10:22:47","slug":"sensex-nifty-end-lower-fmcg-stocks-rally","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/05\/07\/sensex-nifty-end-lower-fmcg-stocks-rally\/","title":{"rendered":"Sensex, Nifty End Lower; FMCG Stocks Rally"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares closed lower on Tuesday despite firm cues from global <span class=\"landLinks\">markets<\/span>. <\/p>\n<p>Investors waited for more clarity on events surrounding the Gaza conflict after Hamas reportedly accepted an Egyptian-Qatari cease-fire proposal to halt the seven-month war with Israel, but the latter said the deal didn&#8217;t meet its &#8220;core demand.&#8221;<\/p>\n<p>As ceasefire talks continue, Israel is pushing ahead with plans for military operations in the southern city of Rafah.<\/p>\n<p>Hawkish comments from a couple of Federal Reserve officials on the rate outlook also weighed on markets.<\/p>\n<p>The benchmark S&amp;P BSE Sensex ended the session down 383.69 points, or 0.52 percent, at 73,511.85 &#8211; giving up earlier gains. <\/p>\n<p>The broader NSE index dropped 140.20 points, or 0.62 percent, to 22,302.50. <br \/>Among the prominent decliners, Hindalco, IndusInd Bank, ONGC, Power Grid Corp and Bajaj Auto fell 3-4 percent. <\/p>\n<p>FMCG stocks rallied after reports that companies are aiming for higher volume growth in FY25 post-elections on the back of a normal monsoon season.<\/p>\n<p>Media reports suggested that the industry is already witnessing signs of a rural demand recovery after a prolonged slowdown.<\/p>\n<p>Hindustan Unilever surged 5.2 percent to pace the gainers while ITC, Britannia Industries and Nestle rose 1-2 percent. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty End Lower; FMCG Stocks Rally<\/a><br \/>\n<br \/>2024-05-07 10:22:47<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares closed lower on Tuesday despite firm cues from global markets. Investors waited for more clarity on events surrounding the Gaza conflict after Hamas reportedly accepted an Egyptian-Qatari cease-fire&#8230;<\/p>\n","protected":false},"author":2,"featured_media":46746,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-46745","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=46745"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46745\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46746"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}