Mumbai, Aug. 29 -- The Nifty FMCG index rose 1.10% to 56,224.69, outpacing the broader benchmarks. The Nifty 50 index was up 0.04% at 24,510.25.
Colgate Palmolive India led the pack with a 2.56% jump, followed by Britannia Industries which advanced 1.86%. ITC gained 1.77% while Dabur India added 1.28%. Godrej Consumer Products rose 1.14% and Patanjali Foods was up 1.10%.
Hindustan Unilever climbed 0.9%, Nestle India added 0.83%, United Spirits rose 0.77% and Tata Consumer Products moved up 0.72%. Emami gained 0.59%, Marico rose 0.55% and Radico Khaitan inched 0.38% higher.
The defensive buying in consumer staples comes as investors looked for stability amid choppy global cues and lingering concerns over foreign fund outflows.
Publishe...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.