Nifty FMCG sheds 1%; VBL, Tata Consumer worst hit; Britannia top gainer

VBL was the biggest laggard at Rs929.95 per piece lower by 6%.

Apr 19, 2021 11:04 IST India Infoline News Service

Due to the fast-rising of Covid cases in India, Nifty indices are under steep selling bias and have extended their losses on Monday's trading bell. As corona second wave intensifies, markets are finding it hard to establish a trend.

The Covid cases in India are increasing to clock a 3 lakh milestone in a single day. In the last 24 hours, India registered 2,73,810 new Covid-19 cases, taking the total count to more than 1.5cr mark.

At around 11:26 AM, Nifty FMCG was trading at 34,432.05 down 421.10 points or 1.21%. The index has touched a high of 34,566.65 and low of 34,218.10 during intraday trade on Monday.

On Monday trading window, all the sectors were trading in the red while Nifty FMCG was also in a bloodbath with only 1 scrip advancing and 14 scrips were on a declining side. However, the index had pared its early gains but losses were offset by Britannia which was the only performing stock on a higher note. On the contrary, VBL was the top bear dragging the sector most.

Britannia was the top bull surging 0.74% and trading at Rs3,724 per piece on the Index.

However, heavywights like UBL, Nestle India joined the markets bear during the trading session.
Dabur and UBL slipped 0.4% where McDowell shed 0.5% at Rs516.05 per piece.
Colgate Palmolive was also trading in the red by 0.9%.

Nestle India also shunned 0.77% at Rs17,120 per piece.
Heavyweight Stocks like Procter & Gamble Hygiene, Marico, Hindustan Unilever dips more than 1%.
Jubilant Foodworks shed 1.85% followed by Tata Consumer tumbling 2.23%.
VBL was the biggest laggard at Rs929.95 per piece lower by 6%, while Emami shed 1.76% ITC was 1.37% down. 

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