FMCG Stocks Surge While Others Struggle – Market Update

On Monday morning, several FMCG (Fast-Moving Consumer Goods) stocks were doing well. Future Consumer Ltd. saw a nice increase of 3.93%, and Nakoda Group of Industries Ltd. also rose by 2.62%. Other winners include ADF Foods Ltd. (+2.47%), Hindustan Foods Ltd. (+2.44%), and Varun Beverages Ltd. (+2.40%).

However, some stocks were struggling. Dangee Dums Ltd. dropped by 2.09%, followed by JHS Svendgaard Laboratories Ltd. (down 2.04%) and Umang Dairies Ltd. (down 1.88%). Big names like Godrej Consumer Products Ltd. and Procter & Gamble Hygiene & Healthcare Ltd. also faced losses.

Overall, the NSE Nifty50 index jumped up by 238.11 points, reaching 24,277.45 points. The BSE Sensex was doing well too, up by 853.78 points, hitting 80,066.31 points.

In the Nifty pack, companies like Reliance Industries Ltd. showed strong growth, up 4.3%, followed by Bharat Petroleum Corporation Ltd. (+3.35%) and Bharat Electronics Ltd. (+3.06%). Some other gainers included Sun Pharmaceutical Industries Ltd. and JSW Steel Ltd..

On the other hand, Shriram Finance Ltd. struggled the most, going down by 4.8%. Other stocks like HCL Technologies Ltd. and Bajaj Finance Ltd. also lost a bit.

So, it’s a mixed day for stocks—some are winning while others are losing!