Tata Consumer which drove sectorial gains on Tuesday suffered reversal of fortunes. It slipped 1.5% to drag the sector.
At around 1.15 pm, Nifty FMCG was trading at 34,830.60 up 210.75 points or 0.61%, hitting a day’s high of 35,050.45 during intraday trade on Wednesday.
Varun Beverages surged 2.78% at Rs1,009.95 per piece. Nestlke India rose 1.9% at Rs17,404.05 per piece to lift the sectorial performance. UBL was up 1.63% while Godrej Consumer advanced 1.55%. Marico also was 1.34% on the upside while Brittania gainjed 1.07% to stay bullish. ITC also gained nearly 1%.
Jubilant FoodWorks, Procter & Gamble Hygience, Emami and United Spirits also traded marginally higher.
Hindustan Unilever traded flat.
Tata Consumer shed 1.66% at Rs663.35 per piece while Colgate Palmolive was also down 0.60%.