BSE FMCG index gains ~1% led by ITC, Godrej Consumer

The BSE FMCG index is up ~1% or 82 points to 11,597.50. The index opened at 11,555.29 and hit a high of 11,638.66 and low of 11,555.29. The sectoral breadth of BSE FMCG was divided with 12 stocks advancing and 3 stocks declining.

Shares of ITC rose 2% after the company undertook a price hike of 7% to 14% in select brands, namely, Bristol, Flake Excel, and Capstan, as per the media sources. These brands together contribute 10-13% to the total sales of ITC.

Godrej Industries, Jubilant Food, and Colgate gained over 3-2% in today’s session, followed by ITC, Godrej Consumer, UBL, and Tata Global which were up over 1.5% each.

On the flip side, Nestle, HUL, Dabur, and KRBL were trading in the negative zone.

Meanwhile, the Sensex is trading higher by 168 at 36,611, and the Nifty is up by 55 points at 11,042 levels.