FMCG shares in focus; HUL, Dabur India rise 4%

Nifty FMCG index, the largest gainer among sector indices, has risen 1.4% at 29,642, as compared to 0.15% rise in the Nifty 50 index, at 01:07 PM.

Shares of fast moving consumer goods (FMCG) companies were in focus in an otherwise range-bound market on stable outlook. Hindustan Unilever (HUL), Dabur India, Colgate-Palmolive (India), Godrej Consumer Products and GlaxoSmithKline Consumer Healthcare were up in the range of 1% to 4% on the National Stock Exchange (NSE).

At 01:07 PM, Nifty FMCG index, the largest gainer among sector indices, was up 1.4% at 29,642, as compared to a 0.15% rise in the Nifty 50 index. From its recent low on October 10, the FMCG index outperformed the market by gaining 9%, against 2.3% rise in the benchmark index.