Market's seven-day winning streak ends as FMCG stocks drag indices lower

Sensex sheds 0.08%, Nifty takes a deeper cut of 0.3% at close; mid-caps see 2% cut

The benchmark Sensex and the Nifty ended with losses for the first time in eight trading sessions amid losses in consumer stocks. After climbing to an intra-day high of 62,245, the Sensex settled at 61,716, down 49 points, or 0.08 per cent. The 50-share Nifty saw a deeper cut ending at 18,419, 58 points, or 0.3 per cent lower. In the previous session, both the indices had ended at record highs, having gained close to 5 per cent in just seven trading sessions.

Earnings disappointment by FMCG major Hindustan Unilever (HUL) weighed on the market. While the company met profit