Nifty Consumer Durables follow the market bulls; Index surges over 350 points; Dixon Tech, Crompton outperform

V-Guard Industries Limited and Amber Enterprises Limited were alo around 2% higher. Titan and Relaxo also rose around 1%.

Sep 23, 2021 01:09 IST India Infoline News Service

Nifty Consumer Durables advanced over 350 points along with the bullish markets on Thursday. The Index surged 1.5% with Dixon Technologies and Crompton & Greaves Consumer Electrical stocks gaining 5%. Kajaria Ceramics was the only stock to trade deep in the red.

The sector is seeing renewed demand in the festive season.

The stock market took the US Fed statement of starting tapering as soon as November in its stride and climbed higher on Thursday. Positive news on the Evergrande crisis also cleared some uncertainty, boosting morale.

At around 1.05 pm, BSE Sensex was trading at 59,697.63 up 770.3 points or 1.31% and Nifty50 at 17,761.10 up 214.45 points or 1.22%.

Nifty Consumer Durables was trading at 26,983.25 up 363.80 points or 1.37% touching a high of 27,031.15 and low of 26,707.15 during intraday trade on Thursday.

Dixon Technologies Limited surged 6.5% at Rs4,435 per piece and hit a day's high of Rs 4,460 per piece during intraday trade on Thursday.
Crompton was up 4.2% at Rs486.30 per piece. V-Guard Industries Limited and Amber Enterprises Limited were alo around 2% higher. Titan and Relaxo also rose around 1%. 

Kajaria Ceramics dragged the most at Rs1,161.45 per piece, down 1.5%. Rajesh Exports also traded marginally in the red.

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