On Monday, shares of Fast-Moving Consumer Goods (FMCG) fell. Some companies did well, while others struggled. Hatsun Agro Products led the gainers, rising by 6.23%. Varun Beverages followed closely, with a 3.76% increase. Other companies that gained included Parag Milk Foods (up 3.08%), Tasty Bite Eatables (up 2.14%), and Vadilal Industries (up 0.98%).
On the flip side, many companies saw their stocks drop. Future Consumer led the losers, dropping by 5.27%. Colgate-Palmolive (down 4.67%) and Nakoda Group (down 4.03%) weren’t far behind. Tata Consumer Products and Godrej Consumer Products also lost ground, down 3.14% and 3.04%, respectively.
In broader market news, the NSE Nifty50 index fell by 121.11 points to close at 23,361.05. The BSE Sensex ended down by 319.22 points at 77,186.74. However, some companies in the Nifty pack managed to gain. Bajaj Finance was up by 5.33%, followed by Mahindra & Mahindra (3.14%) and Wipro (2.89%).
But it wasn’t all good news; many major companies like Larsen & Toubro and Hindustan Unilever faced losses, dropping by 4.6% and 2.56% respectively.
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