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