Stock market update: FMCG stocks down as market rises

NEW DELHI: FMCG stocks were trading lower on Wednesday at 11:11AM

Prataap Snacks(up 2.31%), Vadilal Industries(up 2.28%), Bajaj Consumer(up 2.19%), Future Consumer(up 2.13%), Dabur India(up 1.50%), Varun Beverages(up 1.12%), ADF Foods(up 1.07%), Heritage Foods(up 0.87%), Gillette India(up 0.70%) and Parag Milk(up 0.48%) were among the top gainers.

Dangee Dums(down 3.64%), Marico(down 1.82%), Jyothy Labs(down 1.61%), Nakoda Group(down 1.54%), JHS Svendgaard Laboratories(down 1.38%), Britannia Industries(down 0.91%), Emami(down 0.83%), Hatsun Agro Product Ltd(down 0.66%), Mrs Bectors Food Specialities(down 0.57%) and DFM Foods(down 0.57%) were among the top losers.

The NSE Nifty50 index was trading 80.6 points up at 17969.55, while the 30-share BSE Sensex was up 246.91 points at 60275.97 at around 11:11AM.

UPL Ltd(up 4.62%), Larsen & Toubro(up 4.04%), Indian Oil Corporation(up 2.29%), Tech Mahindra(up 1.98%), Hindalco Industries(up 1.93%), Grasim Industries(up 1.74%), Adani Ports & Special Economic Zone(up 1.62%), UltraTech Cement(up 1.4%), Kotak Mahindra Bank(up 1.28%) and JSW Steel(up 1.18%) were among the top gainers in the Nifty pack.

On the other hand, Divis Laboratories(down 2.02%), Sun Pharmaceutical Industries(down 1.77%), Titan Company Ltd(down 1.07%), Britannia Industries(down 0.91%), Bharti Airtel(down 0.58%), Hindustan Unilever(down 0.45%), Power Grid Corporation of India(down 0.3%), Shree Cement(down 0.29%), Nestle India(down 0.28%) and ITC(down 0.24%) were trading in the red.

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