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Nifty Consumer Durables skyrockets 2% on broad-based buying; Heavyweight Titan, TTK Prestige lift the index; Dixon, Amber, Havells add to upside

Except for Blue Star, all stocks listed on the Nifty Consumer Durables were on a bull run.

December 21, 2021 12:35 IST | India Infoline News Service
Investors were upbeat on consumer durables stocks on Tuesday as demand and sales for the sector is expected to be healthy amid Christmas and New Year's celebration. The sector is seen to be better placed in the next year despite worries over semiconductor shortage and uncertainties lingering from a surge in Omicron cases. Except for Blue Star, all stocks listed on the Nifty Consumer Durables were on a bull run.

At around 12.24 pm, the Nifty Consumer Durables was trading at 27,672.10 higher by 591.70 points or 2.18%. The index has touched an intraday high and low of 27,760.30 and 27,218.30 respectively.

Amber Enterprises was the top gainer soaring nearly 6% followed by Dixon Technologies and Havells India surging by 3.6% each.

TTK Prestige climbed 3.05%, while index heavyweight Titan soared by 2.7%. Voltas advanced 1.9%, whereas Kajaria Ceramics and Relaxo zoomed 1.8% each. Whirlpool and Orient Electric are higher by 1.7% and 1.3%.

Bata India was marginally up, whereas VGuard, Rajesh Exports and Crompton traded flat but in green.

The sector is seen to record double-digit growth in 2022 as demand for premium and technologically advanced products accelerate. Furthermore, price correction after softening in raw material inputs coupled with continued improvement in economic conditions and positive sentiments to add to their growth. 

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