NEW DELHI: The Nifty FMCG index was trading 0.24 per cent up at 31,251 around 11:30 am on Thursday, with Jubilant Foodworks (up 2.20 per cent) and Procter Gamble Hygiene Healthcare (up 2.16 per cent) as the top gainers.GlaxoSmithKline Consumer Healthcare (up 1.35 per cent), Emami (up 1.27 per cent), Hindustan Unilever (HUL) (up 1.15 per cent), Godrej Consumer Products (up 0.91 per cent), United Spirits (up 0.13 per cent) and Dabur India (up 0.12 per cent) too featured among the gainers.On the other hand, United Breweries (down 1.52 per cent), Godrej Industries (down 1.29 per cent), Tata Global Beverages (down 0.79 per cent), Marico (down 0.68 per cent), Britannia Industries (down 0.35 per cent) and ITC (down 0.10 per cent) were among the losers in the index.
Benchmark NSE Nifty50 index was down 66 points at 11,280, while the BSE Sensex was 241 points down at 37,281.Among the 50 stocks in the Nifty index, 16 were trading in the green, while 34 were in the red.
Market sentiment was bearish on heavy selling in metal, auto, banking, IT and financial stocks amid capital outflows by foreign funds after the RBI yesterday hiked repo rate for the second time in two months.Reliance Industries, HDFC twins, Kotak Mahindra Bank and Maruti Suzuki were reeling under pressure.Global cues too were weak on renewed US-China trade war concerns.Dr.
Reddy's Laboratories, Lupin, HPCL, Sun Pharmaceutical Industries and Power Grid Corporation of India were the top gainers in the Nifty index.