India's blue-chip indexes flat as FMCG losses offset financials' gains

Britannia Life Sciences

09/12/2024 07:13

** NSE Nifty 50  .NSEI  and BSE Sensex  .BSESN  flat,
struggle for direction
    ** Financials  .NIFTYFIN  add 0.5% on the back of RBI's
policy easing measures, which are expected to help lenders'
margins
    ** Financials' rise offsets drop in consumer stocks
    ** FMCG index  .NIFTYFMCG  sheds 2.1%, dragged down by 9%
fall in Godrej Consumer Products  GOCP.NS  on weak Q3 sales and
margin warning
    ** Fourteen of 15 NIFTYFMCG stocks decline
    ** Tata Consumer  TACN.NS , Hindustan Unilever  HLL.NS ,
Nestle  NEST.NS  and Britannia  BRIT.NS  among top five NSEI
laggards
    ** Seven of 13 major sectors slide
    ** Small-caps  .NIFSMCP100  and mid-caps  .NIFMDCP100  add
0.4% and 0.5%, respectively
    ** Larsen & Toubro  LART.NS  rises 2% after tribunal order
sets aside $83 mln demand
    ** Ceat  CEAT.NS  jumps 11.2% on plans to buy French co
Michelin's Camso brand

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))