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Nifty FMCG index hits fresh record high; Nestle, Godrej Consumer rise 3%

Among individual stocks, ITC was up 1 per cent at Rs 208, surging 17 per cent in past one month.

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Indian software exporters generally run the entire back-end IT operations of maintenance and support for these traditional retail brands and undertake digitisation programmes to cut costs.

SI Reporter Mumbai
Shares of fast-moving consumer goods (FMCG) companies were in focus on Thursday with the Nifty FMCG index hitting a fresh record high of 33,673 points on the National Stock Exchange (NSE) in an otherwise weak market on renewed buying interest from investors.

At 12:52 pm, the Nifty FMCG index, the sole gainer among the sectoral indices, was up 1.5 per cent at 33,613 points, as compared to a 0.72 per cent decline in the benchmark Nifty50 index. The FMCG index hit a high of 33,183 on Wednesday, surpassing its previous high of 33,168 recorded on September 3, 2018.

Jubilant FoodWorks, Godrej Consumer

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