Nifty FMCG advances for third straight session; Colgate Palmolive, Britannia lift the performance

Emami was also bullish. Marico and United Spirits gained 1.6% respectively while Procter & Gamble Hygiene was also over 1% higher.

Apr 08, 2021 12:04 IST India Infoline News Service

Bull-and-Bear--Stock-Market-Trends
Nifty FMCG index advanced for the third straight session on Thursday. The Index gained over 200 points to join the markets bulls. Colgate Palmolive rallied to drive the sectorial trade while Britannia stretched the winning streak to lift the performance.

At around 12.50 am, Nifty FMCG was trading at 35,044.90 up 209.60 points or 0.60%, hitting a day’s high of 35,105.65 during intraday trade on Thursday.

After struggling in the negative territory on Wednesday, Colgate Palmolive stocks were in demand on Thursday and each stock was trading at Rs1,585.30, up 2.2%.

Britannia rose for the third straight session and was trading at Rs3,825.80 per piece or 2.12% higher. 

Emami also was upbeat at Rs516.10 per piece, up 1.73%. 

Marico and United Spirits gained 1.6% respectively while, Procter & Gamble Hygiene was also over 1% higher.

Tata Consumer also was among the gainers after dragging the sector on Wednesday.

Jubilant FoodWorks, VBL, Nestle India, Dabur and HUL also advanced over 0.50% while ITC and Godrej Properties were marginally higher.

United Breweries was the only Nifty FMCG company in the negative zone on Thursday. It was 0.5% down at Rs1,126.20 per piece.

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