Stock market update: FMCG stocks up as market rises

Stock market update: FMCG stocks up as market rises
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Synopsis

The 30-share BSE Sensex was up 507.21 points at 53741.98

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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 stocks were trading higher on Tuesday at 11:16AM

Parag Milk(up 4.50%), DFM Foods(up 3.14%), Future Consumer(up 2.56%), Varun Beverages(up 2.28%), JHS Svendgaard Laboratories(up 1.83%), Euro India Fresh Foods(up 1.82%), Godrej Consumer Products(up 1.75%), Bajaj Consumer(up 1.48%), Dabur India(up 1.10%) and Heritage Foods(up 1.03%) were among the top gainers.

Emami(down 1.25%), Prataap Snacks(down 1.11%), Britannia Industries(down 1.04%), Marico(down 0.80%), Zydus Wellness(down 0.09%), Vadilal Industries(down 0.05%) and Gillette India(down 0.03%) were among the top losers.

The NSE Nifty50 index was trading 151.1 points up at 15986.45, while the 30-share BSE Sensex was up 507.21 points at 53741.98 at around 11:16AM.

Hindalco Industries(up 3.27%), Bajaj Finserv(up 2.31%), Power Grid Corporation of India(up 2.02%), Dr Reddys Laboratories(up 2.01%), Tata Motors(up 1.95%), Tata Steel(up 1.92%), Sun Pharmaceutical Industries(up 1.86%), UPL Ltd(up 1.85%), Bajaj Finance(up 1.68%) and Enterprises(up 1.64%) were among the top gainers in the Nifty pack.

On the other hand, Britannia Industries(down 1.05%), ITC(down 0.75%), Hero MotoCorp(down 0.35%), HDFC LIFE INSURANCE(down 0.27%), IndusInd Bank(down 0.16%), Mahindra & Mahindra(down 0.15%), Wipro(down 0.07%) and Bajaj Auto(down 0.07%) were trading in the red.
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