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Market Now: FMCG stocks sag; United Breweries down 4%

ETMarkets.com|
Updated: Jan 16, 2018, 02.37 PM IST
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Market Now: FMCG stocks sag; United Breweries down 4%
Among the 50 stocks in the Nifty50 index, 16 were trading in the green, while 34 were in the red.
NEW DELHI: FMCG stocks United Breweries (down 3.95 per cent), United Spirits (down 2.54 per cent), Tata Global Beverages (down 2.11 per cent), ITC (down 1.85 per cent) and Emami (down 1.49 per cent) were trading down in afternoon trade on Tuesday, dragging the Nifty FMCG index in the negative zone.

The Nifty FMCG index was trading nearly 1 per cent down at 26,902 around 02:25 pm (IST).

Shares of Dabur India (down 1.20 per cent), Britannia Industries (down 1.16 per cent), Colgate-Palmolive (India) (down 0.70 per cent), Godrej Industries (down 0.50 per cent) and Procter & Gamble Hygiene & Healthcare (down 0.36 per cent) were also down.

However, shares of Godrej Consumer Products (up 1.17 per cent), Marico (up 0.66 per cent), Hindustan Unilever (up 0.56 per cent), Jubilant Foodworks (up 0.48 per cent) and GlaxoSmithKline Consumer Healthcare (up 0.25 per cent) were trading with gains in the index around that time.

Benchmark NSE Nifty50 index was 29 points down at 10,713, while the BSE Sensex was 27 points down at 34,816.

Among the 50 stocks in the Nifty50 index, 16 were trading in the green, while 34 were in the red.
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