Stock market update: FMCG stocks down as market falls

Stock market update: FMCG stocks down as market falls
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Synopsis

The 30-share BSE Sensex closed down 168.21 points at 60092.97

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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 lower in the Monday's session.

Varun Beverages(up 6.30%), Mrs Bectors Food Specialities(up 1.85%), Dabur India(up 1.72%), Sheetal Cool Products(up 1.58%), Heritage Foods(up 1.48%), Zydus Wellness(up 1.29%), Hatsun Agro Product Ltd(up 1.25%), Colgate Palmolive(India)(up 0.87%), Dodla Dairy(up 0.80%) and Emami(up 0.79%) stood among the top gainers.

Future Consumer(down 3.45%), Jyothy Labs(down 2.69%), Vadilal Industries(down 2.67%), ADF Foods(down 1.58%), Umang Dairies(down 1.51%), Hindustan Unilever(down 1.03%), Tasty Bite Eatables(down 1.03%), DFM Foods(down 0.83%), Dangee Dums(down 0.81%) and TATA CONSUMER PRODUCTS(down 0.75%) were among the top losers of the day.

The NSE Nifty50 index ended 61.75 points down at 17894.85, while the 30-share BSE Sensex closed down 168.21 points at 60092.97.

Tech Mahindra(up 3.12%), HCL Technologies(up 1.48%), Infosys(up 1.45%), Wipro(up 1.19%), Hero MotoCorp(up 1.11%), Power Grid Corporation of India(up 0.77%), Bajaj Finance(up 0.55%), UltraTech Cement(up 0.5%), State Bank of India(up 0.48%) and ITC(up 0.44%) stood among the top gainers in the Nifty pack.

On the other hand, Adani Enterprises(down 2.72%), Axis Bank(down 2.25%), JSW Steel(down 1.21%), Tata Consultancy(down 1.2%), Hindalco Industries(down 1.12%), NTPC(down 1.1%), Hindustan Unilever(down 1.03%), HDFC(down 1.02%), Adani Ports & Special Economic Zone(down 0.96%) and HDFC Bank(down 0.96%) closed in the red.
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