Nifty FMCG tops 700 pts on broad-based buying; Heavyweight Britannia, Nestle lift the index

5 Jan 2023 , 10:33 AM

Nifty FMCG stocks rallied to add to huge gains by overall markets on Tuesday. The Index gained over 700 points with Britannia and Marico rising around 3%. The Index was outperforming counterparts.

Benchmarks Sensex and Nifty 50 witnessed volatility amid weak global cues.

At around 10:52 AM, BSE Sensex was trading at 60,626.13 down 31.32 points or 0.05% and Nifty50 at 18,051 up 8.05 points or 0.04%.

Nifty FMCG was trading at 44,424.05 up 700.50 points or 1.60%, touching a high of 44,533.65 and low of 43,812.95 during intraday trade on Thursday.

Britannia share price rose 3% to Rs4,367.20. Marico was also 2.3% higher at Rs518.10 per piece to push up the index.

Tata Consumers and ITC gained 2% each at Rs778.35 per share and Rs333.60 per share respectively. Godrej Consumer Products was 1.8% higher at Rs904.60 per share. Nestle India and HUL also rose over 1.6% and 1.5% to outperform.

Colgate Palmolive, Dabur, Emami was also over 1% higher. United Spirits and UBL were marginally higher.

Varun Beverages (down 1.58%), Radico Khaitan (down 1.15%) and PGHH (down 0.26%) were bearish. The Index had 12 advances and 3 declines on the NSE. 

For feedback and suggestions, write to us at [e-mail]