HUL, Hindalco weigh on Indian shares

Constellium SE

24/10/2024 08:35

** India's NSE Nifty 50  .NSEI  inches down 0.12%, BSE
Sensex  .BSESN  down 0.02%  
    ** Consumer major Hindustan Unilever (HUL)  HLL.NS  slumps
7%, top pct loser on Nifty after profit miss and as analysts
flag more demand concerns  
    ** HUL drags consumer stocks  .NIFTYFMCG  2.7% lower
    ** Aluminium maker Hindalco  HALC.NS  falls 5% after
Paris-based Constellium  30K.F  warned of weak demand, which
could spillover to its peer Novelis  NVL.N , HALC's U.S. unit 
    ** Novelis accounts for 60% of HALC's revenue
    ** SBI Life Insurance  SBIL.NS  drops 4.5%, eyeing worst day
this yr, after lower Q2 premium growth 
    ** Small-caps  .NIFSMCP100  muted; mid-caps  .NIFMDCP100 
fall 0.2% 
    ** Investor sentiment gloomy on tepid earnings, sustained
foreign selling, analysts say 
    ** Foreign investors were net sellers for eighteenth
straight session on Wednesday

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))