Nifty FMCG sheds over 200 pts amid volatile trade; Britannia, HUL top underperformers

United Breweries and United Spirits led the marginal gains.

Apr 23, 2021 01:04 IST India Infoline News Service

Nifty FMCG Index emerged among the top markets bears for the second straight day. The sectorial heavyweights Britannia, Hindustan Unilever, Godrej Consumer, Varun Beverages and Dabur were under pressure. United Breweries and United Spirits led the marginal gains.

The Index has been struggling since last week coinciding with the rapid surge in Covid-19 positive cases in India, raising concerns about the economy. Amid the volatile trade on Friday, Nifty FMCG at around 1.14pm, was trading at 33,836.85 down 206.20 points or 0.61%, touching a low of  33,806.95 during intraday trade on Friday.

Britannia and HUL shed over 1.5% to emerge the biggest laggards while VBL, Dabur and Godrej Consumer were around 1.3% down on Friday. 

Jubilant Foodworks, Emami and Nestle were also under selling pressure while Colgate Palmolive and Procter & Gamble Hygiene traded flat.

United Breweries led the subdued gains bu gaining 1.4% while United Spirits was over 1% higher.

Marico, Tata Consumer and ITC were also trading in the green. 

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