Nifty FMCG halts gaining spree, index dips 700 points; United Spirits, Jubilant FoodWorks and Godrej Consumer major losers

Emami was 3.25% lower while Tata Consumer and ITC were around 3.1% on the downside to underperform.

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

Bear Market
Nifty FMCG Index collapsed amidst the markets bears. The Index after being on gaining spree for four straight sessions repeated the Monday horror show like last week. The Index shunned over 700 points with United Spirits, Jubilant FoodWorks and Godrej Consumer shedding around 4% each.

Britannia and Varun Beverages traded in the green.

At around 12.50 pm, Nifty FMCG was trading at 34,535.80 down 717.30 points or 2.03% after hitting a day’s low of 34,480.25 during intraday trade on Monday.

United Spirits shed 4.6% at Rs512.50 per piece. Godrej Consumer and Jubilant FoodWorks were 3.9% down at Rs710.30 per piece and Rs2,769.30 per piece respectively.

Emami was 3.25% lower at Rs500.05 per piece while Tata Consumer,and ITC were around 3.1% lower at Rs658.70 per piece and Rs206.55 per piece. 

Marico also was nearly 3% down at Rs408.10 per piece. Colgate Palmolive also lost 2.17%

Procter & Gamble Hygiene (down 1.41%) and UBL (down 1.65%), Hindustan Unilever (down 1.37%), Dabur (down 1.12% and Nestle India (down 0.895) also traded in the red. 

Britannia gained 0.84% while VBL was just marginally higher on Monday. 

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