Stock market update: FMCG stocks up as market rises

The 30-share BSE Sensex was up 56.96 points at 62485.5

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
NEW DELHI: FMCG stocks were trading higher on Friday at 09:59AM

Dodla Dairy(up 7.26%), Parag Milk(up 4.70%), Umang Dairies(up 2.28%), Prataap Snacks(up 1.87%), Emami(up 1.81%), JHS Svendgaard Laboratories(up 1.47%), ADF Foods(up 1.29%), Britannia Industries(up 0.99%), Varun Beverages(up 0.98%) and Bajaj Consumer(up 0.84%) were among the top gainers.

Future Consumer(down 4.76%), Nakoda Group(down 2.39%), Adani Wilmar(down 0.63%), Mrs Bectors Food Specialities(down 0.60%), Marico(down 0.59%), Patanjali Foods(down 0.53%), Sheetal Cool Products(down 0.32%), Colgate Palmolive(India)(down 0.25%) and Vadilal Industries(down 0.01%) were among the top losers.


The NSE Nifty50 index was trading 19.25 points up at 18507.0, while the 30-share BSE Sensex was up 56.96 points at 62485.5 at around 09:59AM.

Hero MotoCorp(up 2.14%), Hindalco Industries(up 1.8%), Britannia Industries(up 1.03%), JSW Steel(up 1.02%), Tata Steel(up 0.99%), UPL Ltd(up 0.95%), Kotak Mahindra Bank(up 0.92%), Bajaj Auto(up 0.88%), Adani Enterprises(up 0.84%) and Tech Mahindra(up 0.82%) were among the top gainers in the Nifty pack.

On the other hand, HDFC LIFE INSURANCE(down 1.39%), Infosys(down 1.26%), IndusInd Bank(down 0.92%), Cipla(down 0.69%), Eicher Motors(down 0.52%), Sun Pharmaceutical Industries(down 0.43%), HDFC(down 0.38%), Coal India(down 0.37%), Tata Consultancy(down 0.24%) and Tata Motors(down 0.11%) were trading in the red.
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