FMCG Stock Gain, ITC down

Shares in the fast-moving Consumer Goods (FMCG) were trading in the positive zone during the mid-morning session, in the otherwise falling market, with the NSE FMCG index rising 20.90 points or 0.07% at 28,773.05 at 10.40am.

Among the stocks of the FMCG index, Colgate Palmolive traded up by 1.34%, Godrej Consumer Products up near 1%, Jubilant Foodworks gained 0.53%, GlaxoSmithKline Consumer Healthcare up by 0.55%, Hindustan Unilever added 0.51%, Britannia Industries up by 0.50%, Godrej Industries rose 0.33% and Dabur India, up by 0.11%.

On the flip side, Tata Global Beverages traded lower by 2.10%, United Spirits lost 0.59%, ITC down 0.61% and United Breweries down 30%, which were among falling stocks on FMCG Index.

At 10.40am, the NSE Nifty50 index was down 97 points at 10743.45 and the BSE Sensex was down 320.18 at 36243.70.For intraday future tips visit our website.

Shares of tobacco companies had rallied on Wednesday’s session after the India govt approved a ban on e-cigarettes. However, in today’s trading-session Cigarette company stocks are also trading in the negative circuit.

ITC down 0.82% to 237-per share, as against its previous closing of Rs.239. Godfrey Philips India trade lower at 965.85, down by 2.70% from its previous closing of Rs.992.70.

Among 50 stocks in the Nifty, five stocks were trading high while the 45 stocks were trading in the red. Avail Free stock future tips from our experts.

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