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FMCG index hits record high

ITC, Colgate-Palmolive, Jay Shree Tea, Tata Coffee and Marico were up more than 4% each.

SI Reporter  |  Mumbai 

Shares of fast moving consumer goods (FMCG) companies were in focus in morning deals, with the S&P BSE FMCG index rallied more than 3%, hitting a record high on BSE after the Goods and Services Tax (GST) Council, at its meeting in Srinagar on Thursday, approved rates for about 1,200 items. At 09:21 am; the S&P BSE FMCG index, the largest gainer among sectoral indices, had rallied 3.4% at 9,774 as compared to 0.72% rise in the benchmark S&P BSE Sensex. The FMCG index hit a record high 9,804, surpassed its previous high of 9,646 touched on May 17, 2017 in intra-day deals. ITC, ...

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First Published: Fri, May 19 2017. 09:36 IST
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