FMCG index ends marginally up; United Spirits surges on resignation of Vijay Mallya

The index ended on 7107.20, up by 74.77 bps or 1.06%. The index opened higher at 7068.87 points against its previous closing of 7032.43 points. It reached a high of 7128.09 and low of 7035.71 points respectively.

Feb 26, 2016 05:02 IST India Infoline News Service

FMCG index surged on Dalal street. In the Economic Survey tabled in the parliament, the government sees the consumer price inflation (CPI) in the range of 4.5-5 percent which is well within the Reserve Bank of India's target and is expected to decline in the coming years. The survey estimated the wholesale price index (WPI)to remain in the negative zone at an average of -2.8 per cent.

The index ended on 7107.20, up by 74.77 bps or 1.06%. The index opened higher at 7068.87 points against its previous closing of 7032.43 points. It reached a high of 7128.09 and low of 7035.71 points respectively.

However, the sectoral breadth of BSE FMCG index turned negative as 31 stocks declined, 25 stocks advanced and two stock remained unchanged. Total trading turnover in the stocks of BSE FMCG index stood at Rs. 113.39 crore with market capitalization of Rs. 8452,119.34 crore.

On BSE, IFB Agro Industries was among the top gainer in the index up by 17.50 bps or 4.78% to Rs. 383.50. The stock opened at Rs. 372 higher by its previous closing of Rs. 366. It has touched a high of Rs. 398 and low of Rs. 360.20. A total of 1325 shares were traded on the counter against two weeks average quantity of 762. The current market cap of the company is Rs. 359.23 crore.

United Spirits surged by 65.20 points or 2.45% at Rs. 2729.85, on the reports of resignation of Dr Vijay Mallya, Director and Chairman of the company. The script opened at Rs. 2800 up by from its previous closing of Rs. 2664.65. It has touched high and low of Rs. 2835.30 and Rs. 2668.40 respectively.

Among other notable gainers, Britannia Industries closed 1.32% up at Rs. 2714.90, ITC at Rs. 291 up by 1.68%, Godrej Consumer Products at Rs. 1199.45, surging by 2%, Colgate - Palmolive at Rs. 834.05, up by 1.27%, Jyothy Lab and Hindustan Unilever both ending  marginally up by Rs. 260.70 and Rs. 850.60 respectively.

However, Dabur India and Emami ended flat at Rs. 240.35 and Rs. 967.20 respectively.

Radico was the top loser ending at Rs. 91.70, dipping by 5 points or 5.17%. The scrip opened at Rs. 98 higher from its previous closing of Rs. 96.70. It has touched a high and low of Rs. 98.30 and Rs. 90.15 respectively.

Other top losers were; Marico ended at Rs. 237.75 lower by 1.29%, Godfrey Phillips India at Rs. 1020.95 (3.58%).

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