Listed FMCG companies are grappling with rising competition from local firms or the unorganized sector, especially in categories such as tea, soaps and detergents
Foreign institutional investors (FIIs) sold securities worth ₹1,023.91 crore, while domestic institutional investors (DIIs) bought securities worth ₹1,634.37 crore. Indian equity markets experienced marginal declines, influenced by reduced FPI inflows and rising US bond yields.
The cigarette-to-hotel conglomerate's stock has been the top performer among the Nifty shares, rising over 48 percent in the last one year. Year-to-date, the scrip surged over 20 percent., Markets News, Times Now
కోవిడ్-19 రాకతో పలు వ్యాపార సంస్థలు పూర్తిగా కుదేలయ్యాయి. కోవిడ్-19 రాకతో ఫాస్ట్ మూవింగ్ కస్యూమర్ గూడ్స్(ఎఫ్ఎమ్సీజీ) కంపెనీలు, ఈ-కామర్స్ సంస్థలు గణనీయంగా వృద్ధి చెందాయి. కరోనా మహమ్మారి కారణంగా దేశవ్యాప్తంగా లాక్డౌన్లను విధించాల్సిన పరిస్థితి ఏర్పడింది. వరుస లాక్డౌన్లు పలు ఆన్లైన్ కిరాణా సంస్థలకు భారీ ప్రయోజనాన్నిచేకూర్చాయి.
Market Movers: Consumer stocks take a beating; 29 stocks give sell signal
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Synopsis
As many as 29 stocks listed on the National Stock Exchange gave sell signals based on MACD indicators. The list included HCL Technologies, Tech Mahindra, Pidilite Industries, PTC India and Apollo Pipes.
Shutterstock.com For the day, Nifty ended 0.5 per cent, or 76.7 points, higher at 14,581.45, while Sensex closed at 48,803.7, up 0.5 per cent or 259.6 points.
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MUMBAI: Benchmark equity indices staged a strong comeback towards the end of the session helped by strong gains in banks and pharmaceutical stocks. The recovery in the market was also aided by strong start to trading in European stock markets.