Sensex, Nifty edge up on FMCG boost; Shree Cement plunges

Posted on by

Indian stocks rose at the open on Monday, supported by gains in consumer goods inventories, while Shri cement fell off After a report said an income tax investigation found tax evasion of Rs 23,000 crore.

account elegant The index was up 0.18 percent at 18,699.5 as of 9:29 am IST, while the benchmark S&P BSE Sensex It increased by 0.13 percent, to 63,062.74 points.

Shree Cement fell as much as 10 per cent after a media outlet reported tax evasion, according to surveys conducted by the Rajasthan Income Tax Department. The company said in a statement late Saturday that the survey is still ongoing.