NEW DELHI: FMCG (Fast-Moving Consumer Goods) shares took a hit in Monday’s trading. Some stocks did well, including Tasty Bite Eatables (up 1.93%), Euro India Fresh Foods (up 1.71%), and Hindustan Foods (up 1.21%). Other companies like Britannia Industries, Tata Consumer Products, and Emami also saw small gains.
Unfortunately, not all companies fared as well. Nakoda Group of Industries dropped significantly by 8.87%, followed by Dodla Dairy with a 4.57% decrease. Sheetal Cool Products went down by 4.25% and Mrs. Bectors Food Specialities dropped by 3.55%. Other losers included Bikaji Foods, Adani Wilmar, and Hatsun Agro Products.
In broader markets, the NSE Nifty50 index fell by 178.36 points, finishing at 23,381.6, while the BSE Sensex went down by 548.39 points, closing at 77,311.8.
On a brighter note, some companies in the Nifty pack performed well. Kotak Mahindra Bank rose by 1.61%, and Bharti Airtel increased by 0.98%. Britannia Industries and Tata Consumer Products also gained some ground.
However, there were significant drops in some big names as well. Trent Ltd. fell by 4.73%, Power Grid Corporation went down by 3.4%, and Tata Steel lost 3.09%. Other big corporations like Titan Company and ONGC also saw declines.
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