Domestic equity markets ended in the green on Wednesday, breaking a two-day losing streak. The BSE Sensex closed at 57,625.91, up by 478.59 points or 0.84 per cent while the Nifty50 settled at 17123.60, gaining almost 140 points or 0.82 per cent from the Tuesday closing price. In the 30-share Sensex, 25 stocks were trading in the green at the closing time while 5 were in the red. As for the 50-stock Nifty50 index, 42 stocks advanced, 7 declined while 1 remained unchanged.

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Out of the 15 sectoral indices, 14 closed positively while Nifty Media being the lone loser, closing marginally lower. Banking and financial services stocks were among the top gainers today.

Nifty Bank ended at 39,118.55, up by 1.05 per cent. Nifty Realty (1.62 per cent) and Nifty PSU Bank (1.51 per cent) were among the best performing indices. However, Nifty FMCG (1.49 per cent) is now under the radar of this analyst. Technical Analyst said that after a period of lacklustre show, the index is poised to make good grounds in the near term.

All shares in the 15-stock index traded with positivity and closed with gains. The top gainers were Dabur, United Spirits and Colgate Palmolive which were higher by 3.06 per cent, 2.87 per cent and 2.22 per cent respectively.

Jain, who is Assistant Vice President - Lead Derivative and Technical Research at Centrum Broking said that a pullback is expected in the stocks from this sector. The Nifty FMCG index is poised to test levels of 44000. It ended at 43,196.85 on Wednesday. The chart exhibits an inside bar candle structure - an indicator which shows reversal. There has been a base formation at 42400.

He recommended two stocks to buy – Tata Consumer Products and Dabur India.

Tata Consumer Products: Buy| LTP: Rs 755.50 | Target: Rs 780| Stop Loss: Rs 740| Upside 4%     

The stock ended with gains of 1.74 per cent. Investors / traders with a 1 week view can buy this stock at current levels, Jain said. The stock has been moving both ways over the past 5-6 trading sessions.

Dabur India: Buy| LTP: Rs 534.85| Target: Rs 550| Stop Loss: Rs 520| Upside 3%

The stock ended with gains of 3.06 per cent. This stock is also likely to have a pullback.

(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)