Indian shares drop as consumer goods stocks drag

Procter & Gamble Health

25/09/2024 08:33

** India's Nifty 50  .NSEI  and Sensex  .BSESN  drop about
0.2% each on profit-booking near record highs, and led by losses
in consumer goods stocks
    ** Traders are booking profits after the recent record
rally, and markets will remain rangebound due to lack of
domestic triggers, analysts said 
    ** Nifty FMCG index  .NIFTYFMCG  dropped 0.9% - top loser
among 13 major sub-indexes - with all 15 constituents showing
losses 
    ** Dabur  DABU.NS  - the top pct loser on the index - fell
4.8% on a media report saying co's largest shareholders pulled
out of buying stake in Coca-Cola  KO.N  India's bottling arm 
    ** Seven of the 13 major sectoral indexes logged losses
    ** The more domestically-focussed Nifty mid-cap
 .NIFMDCP100  and small-cap  .NIFMSCP100  slid 0.9% and 0.6%,
respectively  
    

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))