Nifty Consumption index nears record high; Nestle India shares cross Rs 10k

At 11:51 am; Nifty Consumption index was up 0.77% at 5,106.85, less than 1% away from its all-time high of 5,154 recorded on January 9, 2018 in intra-day trade.

Shares of consumption related companies are in focus with Nifty Consumption index trading close to its all-time high after more than 1% gain in stocks like United Breweries, ITC, Marico and Titan Company.

At 11:51 am; Nifty Consumption index, the largest gainer among thematic indices, was up 0.77% at 5,106.85, as compared to 0.52% rise in the Nifty 50 index.  The consumption index hit an intra-day high of 5,110, and is less than 1% away from its all-time high of 5,154 recorded on January 9, 2018.

Nestle India, Marico, VIP Industries, United Breweries (UBL) and Avenue Supermarts, which