Nifty FMCG declines over 450 points; United Breweries, Jubilant Foodworks, Tata Consumer, HUL among top losers

Dabur and Britannia braved the sectorial bears to log modest gains.

Sep 24, 2021 02:09 IST India Infoline News Service

The Nifty FMCG stocks sank 1% amid bullish market trends on Friday. United Breweries and Jubilant Foodworks stocks crashed while heavyweights Hindustan Unilever Limited, Tata Consumer, Godrej Consumer Products and ITC Limited also were bearish. Dabur and Britannia braved the sectorial bears to log modest gains.

The Indices had a dream start on Friday, scaling new heights but pared some gains as the day progressed. At around 2.05 pm, Sensex was trading at 60,090.92 up 205.56 points or 0.34% and Nifty50 at 17,845.25 up 22.30 points or 0.13%.

The Nifty FMCG was trading at 41,097.75 down 451.05 points or 1.09%, touching a high of 41,649.05 and low of 41,060.80 during intraday trade on Friday.

United Breweries shed nearly 2.5% at Rs1,614.10 per piece to drag the sector. Jubilant Foodworks was also over 2% lower at Rs4,094.00 per piece. 

Tata Consumer was down 1.77% at Rs835.60 per piece while Hindustan Unilever Limited was also under pressure 1.56% at Rs2,738.90 per piece. Godrej Consumer Products was 1.48% lower at Rs1,042.35 per piece. ITC also was 1.36% on the downside at Rs239.20 per piece. 

Marico, Colgate Palmolive, Varun Beverages, United Spirits and Procter & Gamble Hygiene also were trading the red. 

Amidst the gloom, Dabur India rose 0.86% at Rs653.25 per piece while Britannia also advanced 0.4% at Rs4,058.90 per piece. Nestle India and Emami were trading flat. 

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