Nifty FMCG under pressure amid bullish markets; Emami sheds ~3%

Varun Beverages led the gains among four company stocks on the Nifty50 that advanced.

Jul 13, 2021 02:07 IST India Infoline News Service

Bear Versus Bull Silhouette
The Nifty FMCG stocks were under pressure despite bullish markets on Tuesday. Emami shed over ~3% while Godrej Consumer and United Spirits also declined over 1% to drag the sector. Varun Beverages led the gains in the FMCG index. Among four company stocks on the Nifty50 that advanced while 11 stocks declined. 

At around 2.10 PM, the Nifty FMCG was trading at 36,080.85 down 95.80 points or 0.26%, touching a high of 36,329.05 and low of 36,066.10 during intraday trade on Tuesday.

BSE Sensex was trading at 52,720.16 up 347.47 points or 0.66% and Nifty50 at 15,788.40 up 95.80 points or 0.61%.

Emami shed 2.8% at Rs560.60 per piece to emerge the top laggard while Godrej Consumer declined 1.36% at Rs944.00 per piece. United Spirits was also 1.17% downside at Rs 652.50 per piece.

Dabur India (down 0.87%), Procter & Gamble Hygiene (down 0.71%) and Tata Consumer (down 0.6%) were also under pressure. 

HUL, UBL, Jubilant FoodWorsk, Marico, and Colgate Palmolive were also trading lower. 

Amid selling pressure in the sector Varun Beverages advanced 1.3% at Rs791.45 per piece. Nestle India, ITC and Britannia were also trading in the green. 

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