The sector is said to have witnessed a rise in sales on the back of better-than-expected demand trends and positive sentiments this festive season. Demand is expected to further improve in this Diwali season as well.
At around 2.3 pm, Nifty Consumer Durables was trading at 28,232.10 nosediving by 629.75 points or 2.2%. Dixon Tech was the top gainer soaring 0.5%, while Blue Star and Crompton Greaves surged marginally.
On the contrary, Havells was the top bear slumping nearly 9% followed by Voltas and Amber diving by 4.5% and 3.4% respectively.
Kajaria Ceramics and Whirlpool slipped more than 2% each. TTK Prestige shed 1.6%, while Relaxo and Titan dipped over 1% each.
Titan and TTK Prestige are set to announce their Q2 earnings on October 27, 2021.
Further, on the index, Bata India dropped 0.7%, while Rajesh Exports was marginally lower.
VGuard and Orient Electric traded flat but in red.