Markets

Nifty FMCG index closes in the green on gains in ITC, Dabur

NEW DELHI: The Nifty FMCG index closed Wednesday's session with a tepid gain of 0.16 per cent. The index settled at 28,818, with shares of Godrej Industries (up 2.71 per cent) and ITC (up 2.06 per cent) clocking up decent gains.

Procter & Gamble Hygiene & Healthcare (up 1.56 per cent), Dabur India (up 0.65 per cent), Colgate-Palmolive (India) (up 0.57 per cent), Jubilant Foodworks (up 0.38 per cent) and Godrej Consumer Products (up 0.19 per cent) also went home pocketing gains.

However, Marico (down 4.63 per cent) cracked almost 5 per cent even as the company reported on Wednesday that its consolidated net profit for the March quarter moved up by 7 per cent year-on-year.

United Breweries (down 3.20 per cent), Hindustan Unilever (down 2.45 per cent), Tata Global Beverages (down 1.61 per cent), Britannia Industries (down 1.60 per cent), United Spirits (down 1 per cent) and Emami (down 0.74 per cent) also remained down.

Domestic equity benchmarks closed on a flat note on Wednesday ahead of US Fed policy meet outcome.

Weak Asian cues and uninspiring March quarter earnings of some bluechip companies too dented investor sentiment.

The 50-share Nifty pack closed the day 21 points, or 0.20 per cent, down at 10,718, while the BSE Sensex clocked nominal gains of 16 points, or 0.05 per cent, ending at 35,176.

Among the 50 stocks in the Nifty index, 15 closed the day in the green, while 35 in the red.

Kotak Mahindra Bank, Zee Entertainment Enterprises and ITC led the pack of Nifty gainers.

On the other hand, Vedanta, HCL Technologies and Hindalco stood among the top losers in the Nifty index.

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Markets

Nifty FMCG index closes in the green on gains in ITC, Dabur

NEW DELHI: The Nifty FMCG index closed Wednesday's session with a tepid gain of 0.16 per cent. The index settled at 28,818, with shares of Godrej Industries (up 2.71 per cent) and ITC (up 2.06 per cent) clocking up decent gains.

Procter & Gamble Hygiene & Healthcare (up 1.56 per cent), Dabur India (up 0.65 per cent), Colgate-Palmolive (India) (up 0.57 per cent), Jubilant Foodworks (up 0.38 per cent) and Godrej Consumer Products (up 0.19 per cent) also went home pocketing gains.

However, Marico (down 4.63 per cent) cracked almost 5 per cent even as the company reported on Wednesday that its consolidated net profit for the March quarter moved up by 7 per cent year-on-year.

United Breweries (down 3.20 per cent), Hindustan Unilever (down 2.45 per cent), Tata Global Beverages (down 1.61 per cent), Britannia Industries (down 1.60 per cent), United Spirits (down 1 per cent) and Emami (down 0.74 per cent) also remained down.

Domestic equity benchmarks closed on a flat note on Wednesday ahead of US Fed policy meet outcome.

Weak Asian cues and uninspiring March quarter earnings of some bluechip companies too dented investor sentiment.

The 50-share Nifty pack closed the day 21 points, or 0.20 per cent, down at 10,718, while the BSE Sensex clocked nominal gains of 16 points, or 0.05 per cent, ending at 35,176.

Among the 50 stocks in the Nifty index, 15 closed the day in the green, while 35 in the red.

Kotak Mahindra Bank, Zee Entertainment Enterprises and ITC led the pack of Nifty gainers.

On the other hand, Vedanta, HCL Technologies and Hindalco stood among the top losers in the Nifty index.

Original Article

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Your email address will not be published. Required fields are marked *