Stock market update: FMCG stocks under pressure; HUL plunges over 3%

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Most FMCG stocks were incurring losses in afternoon session of trade on Monday. The Nifty FMCG index was trading 1.45 per cent
down at 32,435 around 02:40 pm
Hindustan Unilever (HUL)(down 3.11 per cent), Dabur India (down 2.30 per cent), United Spirits (down 2.11 per cent), Procter Gamble
Hygiene Healthcare (down 1.67 per cent), Godrej Industries (down 1.65 per cent), Britannia Industries (down 1.43 per cent) and Marico (down
1.14 per cent) were the top losers in the FMCG index. Shares of Jubilant Foodworks (down 0.96 per cent), ITC (down 0.91 per cent), Godrej
Consumer Products (down 0.90 per cent) and United Breweries (down 0.88 per cent) too were in the red
However, Emami (up 3.35 per cent), Tata Global Beverages (up 1.64 per cent), Colgate-Palmolive (India) (up 0.86 per cent) and
GlaxoSmithKline Consumer Healthcare (up 0.32 per cent) were in the green in the index
Benchmark NSE Nifty50 index was down 38 points at 11,642, while the BSE Sensex was 115 points down at 38,530. Among the 50 stocks in the
Nifty index, 26 were trading in the green, while 24 were in the red
Dr
Reddy's Laboratories, Wipro, Eicher Motors, Titan Company and HPCL were among the top gainers, while Bajaj Finance, Hindustan Unilever,
Power Grid Corporation, Tech Mahindra and Kotak Mahindra Bank were among the top losers in the Nifty index.