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Consumer goods stocks gain; falling inflation helps

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Reuters
Last Updated : Nov 19 2014 | 11:15 AM IST

Reuters Market Eye - ITC Ltd gains 1.4 pct, Hindustan Unilever Ltd is up 1.8 pct and Britannia Industries advances 2.6 pct.

Dabur India Ltd gains 2.2 pct, while Jubilant Foodworks Ltd adds 1.8 pct.

Falling inflation will lift consumer spending, while lower raw material costs will aid margins, traders say.

India's inflation dropped to a new multi-year low in October, helped by slower annual rises in food and fuel price.

(Reporting by Abhishek Vishnoi)

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First Published: Nov 19 2014 | 11:08 AM IST

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