Money on the markets
A maturing market amid the mayhem
The BSE FMCG Index closed 3.5 percent higher on Monday and topped the list of sectoral gainers with stocks such as ITC and Colgate posting smart gains.
ITC touched an intra-day high of 5.9 percent, its highest level in at least 20 years, helped by robust domestic consumption. The share closed 4.9 percent up.
Other gainers included Colgate, which closed 4.5 percent higher, and HUL which gained 3.8 percent. Godrej Consumer Products however bucked the trend and slipped more than 5 percent.
Since July, this sectoral index has gained 14.16 percent versus a 12.4 percent gains in the BSE Sensex. Would you invest in this sector now?
Shares in Hindustan Unilever (HUL) gained 2.6 percent on Monday to close at 225.3 rupees and was among the top Sensex gainers even as markets ended flat.
The volumes stood at a little over 1 million shares on BSE.
Hurt by the pricing war in the detergent space, HUL shares had been struggling and lost more than 8 percent over the past two sessions.
Consumer goods maker Hindustan Unilever fell over 4 percent on Thursday to close at 229 rupees and was the top loser among Sensex components.
The firm, which is a unit of Anglo-Dutch firm Unilever, also ended as the top loser on the BSE FMCG Index, which dropped 0.8 percent and was one of the top sectoral losers.
All stocks in the index, except Marico, closed in the green, led by Dabur India which rose 5.8 percent and ITC which gained nearly 5 percent.
The BSE Sensex closed 0.74 percent lower on Wednesday as weak Asian markets dampened sentiments and investors booked profits for a third session.