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Stock Update: Big fall in FMCG, Reality shares

The stock market, which started flat on Wednesday, slid down considerably. The BSE Sensex was trading at 37834-mark, down 323 points, and the Nifty at 11,520-level, down 62 points, post lunch hours of trade.

Index slipped in mid-caps, including banking, auto, Infra, FMCG, energy and metal sectors. In the intraday, the Nifty touched a low of 11,436 points and hit a high of 11,543.

In the Nifty-50 index, 33 stocks ended in losses and 12 stocks were trading on profitability. Among the major indices, Wipro, Yes bank, Hindalco, Vedanta, Bajaj Auto, Sun Pharma and HCL Tech are among the top gainers, while Bharti Airtel, Titan and HUL were trading on loss.

Nifty FMCG index fell for the second straight session, with the index trading lower by 1% to 31,113 in the afternoon trade. Nestle, HUL, Britannia and Godrej Consumer were among the major contributors to index fall.

Shares of Hindustan Unilever and Britannia fell over 2 percent after Credit Suisse downgraded the rating to Neutral, which dragged both stocks down in today’s session.

From the Realty sector, the index fall over 2.20 percent at 262.15 Unitech tanked 3.95% Oberoi Realty slipped 3.63 percent, Phoenix Mills down over 2.85 percent.  However, Metal index trade marginally higher by 0.88% at 3,617.25. NALCO, Vedanta, Hindalco and Hindustan Zinc lifted the metal index.