Stock Market

Share market update: FMCG stocks sag; Britannia falls 2%

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NEW DELHI: Most FMCG stocks were trading in the negative territory in afternoon trade on Tuesday. The Nifty FMCG index was trading 0.23 per cent down at 31,151 around 02:40 pm.

Britannia Industries (down 2.01 per cent), United Spirits (down 1.31 per cent), Tata Global Beverages (down 0.63 per cent) and Godrej Consumer Products (down 0.62 per cent) were the top losers in the FMCG index.

Jubilant Foodworks (down 0.30 per cent), Marico (down 0.25 per cent), ITC (down 0.20 per cent), GlaxoSmithKline Consumer Healthcare (down 0.20 per cent), United Breweries (down 0.19 per cent) and Emami (down 0.15 per cent) too were incurring losses.

However, Dabur India (up 1.31 per cent), Colgate-Palmolive (India) (up 0.84 per cent) and Procter Gamble Hygiene Healthcare (up 0.37 per cent) were holding up.

Benchmark NSE Nifty50 index was up 14 points at 11,409, while the BSE Sensex was up 41 points at 37,733. Among the 50 stocks in the Nifty index, 22 were trading in the green, while 28 were in the red.

Tata Steel, Grasim Industries, Titan Company, Asian Paints and NTPC were leading among the Nifty scrips. However, Adani Ports, Coal India, HPCL, BPCL and Tech Mahindra were among the top losers in the index.




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Category: Stock Market


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