Nifty FMCG outperforms led by United Spirits; ITC hits new 52-week high, PSU banks drag

The breadth of the market favoured advances, with 831 stocks advancing, 773 declining and 462 remaining unchanged. On BSE, 1104 stocks advanced, 873 declined and 98 remained unchanged.

The India benchmark indices are trading in the red this Thursday morning with the Nifty50 down 28 points at 11,664 while the Sensex is down 74 points at 38,648.

Nifty Energy is down close to a percent dragged by HPCL, India Oil Corporation and Reliance Industries which are down 1 percent each.

The PSU bank index shed 1 percent with loses from Bank of Baroda, Bank of India, Union Bank of India, State Bank of India and Punjab National Bank.


Individual private banks are also weak dragged by Axis Bank, IndusInd Bank, YES Bank and Kotak Mahindra Bank.

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Source: https://www.moneycontrol.com/news/business/markets/d-street-buzz-nifty-fmcg-outperforms-led-by-united-spirits-itc-hits-new-52-week-high-psu-banks-drag-2896881.html