NEW DELHI: On Wednesday morning, many fast-moving consumer goods (FMCG) stocks were going down. Honasa Consumer Ltd. was doing well, up by 3.13%, along with other companies like Parag Milk Foods Ltd. (up 1.78%), Tasty Bite Eatables Ltd. (up 1.23%), and Jyothy Labs Ltd. (up 1.16%). Colgate-Palmolive (India) Ltd. also saw a small increase of 0.92%.
However, some companies were struggling. ADF Foods Ltd. fell by 3.64%, LT Foods Ltd. dropped 2.42%, and Marico Ltd. was down 1.57%. Other companies like Varun Beverages Ltd. and Patanjali Foods Ltd. also saw losses.
At around 10:09 AM, the NSE Nifty50 index was down by 43.5 points, making it 23664.4. Likewise, the BSE Sensex dropped by 140.63 points, bringing it to 78058.48.
In the Nifty group, some companies were performing well. Reliance Industries Ltd. increased by 2.02%, while Dr. Reddy’s Laboratories Ltd. went up 1.94%. Other gainers included Axis Bank Ltd. (up 1.25%) and Bajaj Finserv Ltd. (up 1.02%).
On the flip side, a few companies were losing value, such as Trent Ltd. (down 2.25%) and Titan Company Ltd. (down 1.52%).
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