Nifty FMCG index continued its winning streak on Tuesday amid positive global cues. The Index, led by gains from Colgate Palmolive and heavyweight Nestle India, capitalised after a gap-up start. Since fresh cases have fallen to 1.95 lakh cases in the last 24 hours and recoveries are higher at 3.25 lakhs, investors sentiment are tapped with anticipation of easing in lockdown restrictions from starting June. The Indian market overall witnessed a broad-based buying from investors. Nifty is moving towards an all-time high.
At around 11:25 AM, Nifty FMCG was trading at 34,900.95 up 328.45 points or 0.95%. The index has touched a high of 34,992.30 and low of 34,740.60 during intraday trade.
On trading window,
Colgate Palmolive was the top bull surging by nearly 4% followed by
Nestle India and Britannia gaining 2% each.
McDowell and
UBL uplift the index by gaining nearly 1.5% leading the gains.
Accordingly, gainers list on Nifty FMCG was led by
Hindustan Unilever surging by 1.07% followed by
Tata Consumer up 1%. Nearly 1% rise each was recorded in Emami and Godrej Consumers.
Heavyweight
Jubilant Foodworks was up at Rs3035.70 per piece, surging by 0.73%.
Marico,
Procter & Gamble Hygiene and ITC gained marginally to lead the gains, while VBL traded on a flat note.
On the contrary,
Dabur was the only company trading marginally down at Rs531.85 per piece on the index.
Also, the Consumer Price Index (CPI) or retail inflation eased to 4.29% in April 2021, compared to 5.52% of the previous month. The Consumer Food Price index (CPFI) was 2.02% in April 2021 versus 4.87% in March 2021.