The Nifty FMCG index experienced a significant drop on October 4, closing down by 1,122 points or 1.74%, ending at 63,380.05. All 15 stocks within the index ended in the red, indicating a widespread decline across the sector.
Top Decliners:
- Colgate-Palmolive (COLPAL): COLPAL was the biggest loser, witnessing a drop of 2.40% to close at ₹3,746, a fall of ₹92.10. The stock recorded a trading volume of approximately 4 lakh shares.
- Britannia Industries (BRITANNIA): BRITANNIA also faced a sharp decline, closing down by 2.08% at ₹6,200, a drop of ₹131.75. The stock had a relatively lower trading volume of around 3.95 lakh shares.
- Nestle India (NESTLEIND): NESTLEIND’s shares fell by 2.33% to end the day at ₹2,612.60, down by ₹62.25. The stock saw an active trading volume of around 10.33 lakh shares.
- United Spirits (UNITDSPR): UNITDSPR closed at ₹1,535, registering a decrease of ₹29.10 or 1.86%.
- Hindustan Unilever (HINDUNILVR): HINDUNILVR was another major loser, declining by 1.74% to ₹2,843.10, with a volume of approximately 24.56 lakh shares traded during the session.
Other Notable Losers:
- United Breweries (UBL) closed lower by ₹36.75, settling at ₹2,110.60.
- ITC experienced a fall of ₹8, closing at ₹504.75.
- Tata Consumer Products (TATACONSUM) declined by ₹16.45 to ₹1,136.30.
The overall market sentiment for the FMCG sector was negative, with all stocks witnessing a decline in their share prices. The decline was primarily attributed to concerns over market volatility and broader market movements affecting investor confidence in the FMCG sector.
Market Overview: The FMCG index ended with no gainers for the session. The widespread selling pressure led to a substantial fall across all stocks in the index, mirroring the overall market’s weak performance. The high trading volumes for select stocks such as ITC and Dabur indicate investor activity amidst the downward trend in the sector.
