Sensex, Nifty choppy; investors book profits in FMCG stocks

Epic Update ITCEpic Update ITC

Equity benchmarks remained choppy in afternoon trade as investors awaited monsoon after digesting March quarter earnings.

The 30-share BSE Sensex was up 45.15 points at 31,154.43 and the 50-share NSE Nifty gained 7.60 points at 9,612.50.

The market breadth continued to be negative as about three shares declined for every two shares rising on the BSE.

FMCG stocks like ITC and HUL, which rallied on good monsoon hope and post earnings, lost over 1.5 percent on profit booking.

BHEL retained its top position in the selling list among Sensex stocks, down 10 percent after brokerage houses remained bearish on the stock due to weak earnings.

 

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