Nifty FMCG index gains 1% as heavyweights lift the index; HUL, Radico, ITC top gainers

17 Jan 2023 , 10:35 AM

Nifty FMCG index was on the bull run during Tuesday’s trading session ahead of Q3FY23 corporate earnings. The index has gained over 1% and even neared 44,600-mark. Positive broader markets further lifted the sentiments.

At around 10:50 AM, the Nifty FMCG index was trading at 44,550.05 up by 543.30 points or 1.23%. On the index, 11 scrips advanced and 4 scrips declined.

Hindustan Unilever was the top bull soaring nearly 3%. The stock even neared a record high.

Radico stock gained over 2.1%, while Godrej Consumer Products surged 0.9%. ITC soared over 0.8%.

Marico and Dabur zoomed between 0.67-0.76%. Britannia gained 0.6%, while Nestle India, Colgate Palmolive and Tata Consumers traded marginally up. PGHH traded flat but in green.

On the contrary, UBL and McDowell dipped around 0.2% each. VBL and Emami traded flat but in the red.

However, FMCG stocks may see volatility in due course as a delay in the onset of the winter season this year is expected to weigh on the winter product portfolio of these companies.

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