Indian share markets finished in green for fourth consecutive session amid buying in FMCG stocks, software stocks and consumer durables stocks.

At the closing bell, the BSE Sensex closed higher by 155 points and the NSE Nifty finished up 56 points. The S&P BSE Mid Cap finished up by 1% while & S&P BSE Small Cap too finished up by 1.1%.

Nestle share price surged 6.6% in today’s trade and hit 52-week high as the company plans to focus on volume growth. As per an article in The Hindu Business Line, the company plans to focus aggressively on driving volume growth through new product launches and other initiatives.

Reportedly, the margins will drop in the turnaround phase due to higher spending on advertisements but are expected to pick up from 2018 and expects sustained intensity of new product launches over the next 2-3 years.

Infosys share price finished up by 3.1% as Nandan Nilekani returns to the company after he was unanimously named by the board as its non-executive chairman in a widely anticipated move.

Asian stock markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.93% and the Hang Seng rose 0.05%. The Nikkei 225 finished flat. Meanwhile, European markets are lower today as French and German shares fall. The French CAC 40 is off 0.20% while the German DAX is down 0.67%.

The rupee was trading at Rs 63.87 against the US$ in the afternoon session. Oil prices were trading at US$ 47.39 at the time of writing.

In news from the power sector, global research firm BMI Research in its latest report has said that coal, which powers around three-quarters of India’s electricity, will remain the foremost fuel choice for country’s power sector and is expected to account for nearly 68% of the total power mix by 2026.

It noted that the power sector is also likely to spur as a result of greater demand for fuel driven by underlying economic growth, electrification efforts and power sector reform implemented by the government.