Stock market update: Nifty FMCG index in the green; Dabur, HUL among top gainers

NEW DELHI: Most FMCG stocks were trading in positive territory in afternoon trade on Friday, keeping the sectoral index up.

The Nifty FMCG index was trading 0.47 per cent up at 31,305 around 01:50 pm.

Dabur India (up 1.70 per cent), Hindustan Unilever (HUL) (up 1.26 per cent), Godrej Consumer Products (up 1.25 per cent) and Tata Global Beverages (up 1.06 per cent) were the top gainers in the FMCG index.

Shares of United Spirits (up 0.79 per cent), Britannia Industries (up 0.61 per cent), Godrej Industries (up 0.54 per cent), Marico (up 0.46 per cent), Procter & Gamble Hygiene & Healthcare (up 0.44 per cent), Colgate-Palmolive (India) (up 0.26 per cent) and ITC (up 0.05 per cent) too were in the green.

However, GlaxoSmithKline Consumer Healthcare (down 1.60 per cent), Jubilant Foodworks (down 0.70 per cent), Emami (down 0.66 per cent) and United Breweries (down 0.24 per cent) failed to perform.

Equity benchmarks Sensex and Nifty were showing rangebound movement amid lower Asian cues even as the rupee recovered from its earlier lows.

The NSE Nifty50 index was up 33 points at 11,570, while the BSE Sensex was up 56 points at 38,299.

Among the 50 stocks in the Nifty index, 30 were trading in the green, while 18 were in the red.

Hindalco Industries, Hero MotoCorp, Bajaj Auto, Lupin and Mahindra & Mahindra were leading among Nifty scrips.

YES Bank, Sun Pharma, State Bank of India, PowerGrid and Adani Ports were among the top losers in the Nifty index.