FMCG shares in focus; HUL, Colgate-Palmolive hit record highs

Shares of fast moving consumer goods (FMCG) companies were in focus with Hindustan Unilever (HUL) and Colgate-Palmolive (India) hitting their respective record highs on the National Stock Exchange (NSE) in the intra-day trade on Thursday on expectation of higher growth in coming years. The market expected more funds to be made available to rural consumers as we head into the 2019 general elections.

Godrej Consumer Products, Britannia Industries, Colgate-Palmolive (India), Jubilant FoodWorks, United Breweries, Godrej Industries, Dabur India and ITC were up in the range of 1% to 4% on the NSE.

At 11:23 am, the Nifty FMCG