Stock market update: FMCG stocks gain; Jubilant Foodworks, Tata Global Beverages up 3%

NEW DELHI: Most FMCG stocks, including Jubilant Foodworks (up 3.32 per cent), Tata Global Beverages (up 2.78 per cent) and Emami (up 2.33 per cent) were trading in the positive territory during afternoon trade on Monday.

The Nifty FMCG index was trading 0.64 per cent up at 29,532 around 02:25 pm.

Shares of Dabur India (up 1.62 per cent), United Breweries (up 0.97 per cent), ITC (up 0.72 per cent), United Spirits (up 0.68 per cent), Colgate-Palmolive (India) (up 0.62 per cent), Procter & Gamble Hygiene & Healthcare (up 0.45 per cent), Britannia Industries (up 0.45 per cent) and Hindustan Unilever (up 0.29 per cent) too were in the green.

However, GlaxoSmithKline Consumer Healthcare (down 0.78 per cent) was under pressure, while shares of Godrej Consumer Products, Godrej Industries and Marico were nearly flat around that time.

Market was in the positive territory on buying in metals, auto, IT and banking counters, amid firm Asian cues and a strengthening rupee.

Benchmark NSE Nifty50 index was up 78 points at 10,850, while the BSE Sensex was up 292 points at 35,950.

Among the 50 stocks in the Nifty index, 42 were trading in the green, while 8 were in the red.

YES Bank, Asian Paints, Axis Bank, Vedanta and Dr. Reddy's Laboratories were among the top gainers in the Nifty index.

On the other hand, Tata Consultancy Services, Ultratech Cement, HDFC, Titan Company and Hero MotoCorp were among the top losers.