Stock market update: FMCG stocks down as market rises

Stock market update: FMCG stocks down as market rises
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The 30-share BSE Sensex closed up 672.71 points at 59855.93

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
NEW DELHI: FMCG shares closed higher in the Tuesday's session.

Parag Milk(up 6.82%), Umang Dairies(up 2.18%), ADF Foods(up 2.07%), Future Consumer(up 1.96%), Hindustan Unilever(up 1.69%), Dangee Dums(up 1.68%), Prataap Snacks(up 1.32%), Nakoda Group(up 1.21%), Nestle India(up 1.07%) and Britannia Industries(up 0.58%) stood among the top gainers.

Marico(down 2.34%), Tasty Bite Eatables(down 2.27%), Emami(down 1.30%), Dabur India(down 1.22%), TATA CONSUMER PRODUCTS(down 1.22%), Heritage Foods(down 0.90%), Godrej Consumer Products(down 0.82%), Jyothy Labs(down 0.65%), Varun Beverages(down 0.56%) and JHS Svendgaard Laboratories(down 0.55%) were among the top losers of the day.

The NSE Nifty50 index ended 179.55 points up at 17805.25, while the 30-share BSE Sensex closed up 672.71 points at 59855.93.

NTPC(up 5.48%), Oil & Natural Gas Corporation(up 3.32%), Power Grid Corporation of India(up 2.73%), State Bank of India(up 2.7%), Titan Company Ltd(up 2.34%), Reliance Industries(up 2.26%), Axis Bank(up 1.84%), Grasim Industries(up 1.83%), Tata Consultancy(up 1.75%) and Bajaj Finance(up 1.71%) stood among the top gainers in the Nifty pack.

On the other hand, Tata Motors(down 1.61%), Coal India(down 1.48%), Sun Pharmaceutical Industries(down 1.33%), TATA CONSUMER PRODUCTS(down 1.22%), Shree Cement(down 1.08%), UltraTech Cement(down 0.95%), IndusInd Bank(down 0.87%), Cipla(down 0.67%), Divis Laboratories(down 0.64%) and Eicher Motors(down 0.51%) closed in the red.

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