Business Standard ·
ITC leads as Nifty FMCG gains 2%; festive season puts sector in focus
In the Nifty FMCG basket 13 stocks advanced while only 2 declined. Intraday, the FMCG index was up 1.82 per cent to 45,645.20.
Shares of fast-moving consumer goods (FMCG) companies snapped a four-day losing streak to gain over 1 per cent on Wednesday with most frontline stocks Hindustan Unilever (HUL), ITC, Dabur India, Emami, Godrej Consumer Products and Procter & Gamble Hygiene and Health Care gaining in the range of 2 to 4 per cent.
In the Nifty FMCG basket 13 stocks advanced while only 2 declined. At 11:47 AM, the index was up 1.68 per cent at 45,583.90, compared to a 0.46 per cent gain in the Nifty 50. In intraday trading, the FMCG index was up 1.82 per cent to 45,645.20.