Nifty FMCG stocks remained steady amid bullish market sentiments on Wednesday. At around 1. 35 pm, Nifty FMCG was trading at 33,450.60 up 199.70 points or 0.60%, after touching a low of 33,306.20 during intraday trade on Wednesday.
The index opened at 33,538.35 compared to previous close of 33,250.90.
Beverage company
United Spirits lifted the sector with 2.5% gains while heavyweights
Godrej Consumer Products and
Tata Consumer surged over 1%.
United Spirits surged 2.45% at Rs565.55 per piece. Godrej Cosumer gained 1.13% at Rs699.75 per piece while Tata Consumer advanced 1.09% at Rs639.25 per piece.
Britannia, Dabur, Hindustan Unilever and UBL were higher in the range of 0.72% to 0.85%.
Dabur India rose 0.81% to Rs 515.40 after the credit ratings agency ICRA reaffirmed its rating on the company’s non-convertible debenture (NCD) programme worth Rs15cr at ICRA AAA (Stable).
Colgate Palmolive, Nestle India and Jubilant FoodWorks were also higher around 0.50%.
Emami Limited (0.26% down) was the only company in the FMCG sector to trade in the red.
Related Tags: