Stock market update: FMCG stocks down as market falls

Stock market update: FMCG stocks down as market falls
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The 30-share BSE Sensex was down 990.19 points at 53098.2

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
NEW DELHI: FMCG stocks were trading lower on Thursday at 11:10AM

Dangee Dums(up 1.88%), Varun Beverages(up 0.82%), Vadilal Industries(up 0.78%) and Heritage Foods(up 0.40%) were among the top gainers.

Nakoda Group(down 10.00%), Euro India Fresh Foods(down 4.40%), Umang Dairies(down 4.30%), Parag Milk(down 4.22%), Emami(down 2.69%), Future Consumer(down 2.27%), Marico(down 2.22%), Prataap Snacks(down 2.14%), Zydus Wellness(down 1.98%) and Bajaj Consumer(down 1.95%) were among the top losers.

The NSE Nifty50 index was trading 311.7 points down at 15855.4, while the 30-share BSE Sensex was down 990.19 points at 53098.2 at around 11:10AM.

Tata Consultancy(up 0.42%) and HCL Technologies(up 0.29%) were among the top gainers in the Nifty pack.

On the other hand, Industries(down 5.05%), IndusInd Bank(down 4.68%), & Special Economic Zone(down 4.39%), Tata Motors(down 4.3%), Mahindra & Mahindra(down 3.39%), Bajaj Finance(down 3.26%), Grasim Industries(down 3.21%), Hero MotoCorp(down 3.16%), Ltd(down 3.08%) and UltraTech Cement(down 3.08%) were trading in the red.

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