Stock market update: FMCG index down; Britannia, Godrej Industries, ITC, HUL among top losers

Stock market update: FMCG index down; Britannia, Godrej Industries, ITC, HUL among top losers
A deprecating rupee against the dollar and surging crude oil prices also dampened the sentiment.
NEW DELHI: A majority of FMCG stocks were losing during Friday's session, keeping the sectoral index down.

The Nifty FMCG index was trading 0.42 per cent down at 28,742 around 12 pm, with 10 stocks declining and 5 advancing.

Shares of Britannia Industries (down 1.35 per cent), Godrej Industries (down 1.26 per cent), ITC (down 0.76 per cent) and Hindustan Unilever (down 0.56 per cent) were among the top losers in the FMCG index.

Shares of Tata Global Beverages, Procter & Gamble Hygiene & Healthcare, Dabur India, Jubilant Foodworks, United Spirits and United Breweries were also under pressure around that time.

On the other hand, Emami (up 4.73 per cent), GlaxoSmithKline Consumer Healthcare (up 1.38 per cent), Marico (up 1.03 per cent), Colgate-Palmolive (India) (up 0.81 per cent) and Godrej Consumer Products (up 0.44 per cent) were up in the index.

Equity markets were under pressure on heavy selling in power, realty, oil & gas and banking stocks amid sustained capital outflows by foreign funds.

A deprecating rupee against the dollar and surging crude oil prices also dampened the sentiment.

Benchmark BSE Sensex was 145 points down at 35,318, while the NSE Nifty50 index was down 43 points at 10,725.

Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in the red.

Power Grid, BPCL and Hindalco were among the top losers in the Nifty index.
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