Stock market update: FMCG stocks up as market rises

NEW DELHI: FMCG stocks were trading higher on Wednesday at 11:27AM

Heritage Foods(up 7.25%), Nakoda Group(up 4.96%), Godrej Consumer Products(up 3.81%), Emami(up 2.71%), Marico(up 2.31%), Umang Dairies(up 2.28%), Tasty Bite Eatables(up 2.01%), ADF Foods(up 1.65%), JHS Svendgaard Laboratories(up 1.61%) and Future Consumer(up 1.41%) were among the top gainers.

Hindustan Unilever(down 0.86%), Zydus Wellness(down 0.56%), Euro India Fresh Foods(down 0.37%), P & G Hygiene(down 0.32%), Gillette India(down 0.26%), Varun Beverages(down 0.08%) and Britannia Industries(down 0.08%) were among the top losers.

The NSE Nifty50 index was trading 50.35 points up at 18318.75, while the 30-share BSE Sensex was up 146.97 points at 61497.23 at around 11:27AM.

Asian Paints(up 4.67%), Divis Laboratories(up 3.61%), SBI Life(up 2.38%), Sun Pharmaceutical Industries(up 2.2%), ICICI Bank(up 2.0%), State Bank of India(up 1.96%), ITC(up 1.82%), UPL Ltd(up 1.82%), Shree Cement(up 1.63%) and Bharti Airtel(up 1.41%) were among the top gainers in the Nifty pack.

On the other hand, Axis Bank(down 5.1%), Bajaj Finance(down 3.94%), Bajaj Finserv(down 2.37%), IndusInd Bank(down 1.54%), Oil & Natural Gas Corporation(down 1.29%), Tata Motors(down 1.14%), Hindustan Unilever(down 0.87%), Mahindra & Mahindra(down 0.35%), HDFC Bank(down 0.3%) and Adani Ports & Special Economic Zone(down 0.29%) were trading in the red.