Mumbai: Markets edged higher, paring earlier stronger gains, as consumer good stocks fell to profit-taking and as the rupee approached its latest record low against the dollar, though State Bank of India rallied for a second session.
The NSE consumer goods sub-index fell 1.4%, led by 1-2% declines in heavyweight members such as ITC and Hindustan Unilever.
However, State Bank of India extended a rally, gaining 3.3% after posting on Friday stronger-than-expected earnings.
The main 30-share BSE index provisionally ended up 0.2% at 16,183.26 points.
Indian markets rose on Monday despite the fall in the rupee. Mint’s Lisa Pallavi Barbora looks at some the key winners from the session
The broader 50-share NSE index added 0.3% to 4,906.05 points.