INSUBCONTINENT EXCLUSIVE:
Stock markets registered strong gains on Wednesday, ahead of release of key macroeconomic data
Gains in FMCG, metal, pharma and infrastructure stocks led the rise in markets on Wednesday
Top gainers on the 50-scrip Nifty index included Sun Pharma, ITC, Hindalco, Adani Ports and Power Grid, closing around 3-3.5 per cent
higher.FMCG stocks led the gains, with the Nifty FMCG - the NSE's sectoral index comprising consumer stocks - finishing the day 2.5 per
consumer inflation for the month of August and industrial production for July later in the day.Gains in the domestic markets came after two
days of selloff, despite weakness in other Asian peers and fund outflows caused by institutional investors
The Sensex had lost 976 points and the Nifty 301 points in the past two days - marking a cumulative loss of around 2.5 per cent.Equities in
other Asian markets slipped to 14-month lows as investor confidence was hurt by the latest round of threats in an intensifying US-China
trade conflict.Net sale of equities by foreign institutional investors stood at Rs 1,454.36 crore on Tuesday, against net purchase of Rs
749.62 crore by domestic institutional investors, provisional data from the NSE showed.
