Stock Market

Stock market update: Nifty FMCG index down; ITC, Britannia among top drags

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NEW DELHI: FMCG stocks Marico (down 1.15 per cent), Britannia Industries (down 0.95 per cent), ITC (down 0.93 per cent) and Jubilant Foodworks (down 0.91 per cent) were incurring losses during afternoon trade on Wednesday. Stocks such as United Breweries (down 0.77 per cent), Procter Gamble Hygiene Healthcare (down 0.15 per cent), United Spirits (down 0.12 per cent) and Dabur India (down 0.05 per cent) were also witnessing selling pressure. The Nifty FMCG index was trading 0.41 per cent down at 28,590 around 01:30 pm.

On the other hand, GlaxoSmithKline Consumer Healthcare (up 2.43 per cent), Tata Global Beverages (up 1.44 per cent) and Godrej Industries (up 1.09 per cent) were trading with gains. Emami (up 0.85 per cent), Colgate-Palmolive (India) (up 0.63 per cent), Godrej Consumer Products (up 0.36 per cent) and Hindustan Unilever (up 0.17 per cent) were also among gainers.

Benchmark NSE Nifty50 index was down 13 points at 10,621, while the BSE Sensex was 19 points down at 34,931. Among the 50 stocks in the Nifty index, 20 were trading in the green, while 29 were in the red.

Mahindra Mahindra, Coal India and Bajaj Finance were among the top gainers in the Nifty index. However, HPCL, Hindalco Industries and Vedanta were among the top Nifty losers.




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