{"id":53730,"date":"2024-12-09T04:40:48","date_gmt":"2024-12-09T04:40:48","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/12\/09\/sensex-nifty-edge-lower-as-fmcg-stocks-drag\/"},"modified":"2024-12-09T04:40:48","modified_gmt":"2024-12-09T04:40:48","slug":"sensex-nifty-edge-lower-as-fmcg-stocks-drag","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/12\/09\/sensex-nifty-edge-lower-as-fmcg-stocks-drag\/","title":{"rendered":"Sensex, Nifty Edge Lower As FMCG Stocks Drag"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares edged lower in cautious trade on Monday as weak inflation data from China suggested Beijing&#8217;s recent efforts to shore up faltering economic demand are having only limited impact.<\/p>\n<p>The benchmark S&amp;P\/BSE Sensex was down 145 points, or 0.2 percent, at 81,52 in early trade while the broader NSE Nifty index was down 56 points, or 0.2 percent, at 24,621.<\/p>\n<p>Among the prominent decliners, Trent, Nestle India, Britannia Industries, Hindustan Unilever and Tata Consumer Products fell 2-4 percent. <\/p>\n<p>Godrej Consumer Products plunged more than 9 percent after it warned of a challenging demand environment and external pressures affecting its key <span class=\"landLinks\">business<\/span> segments.<\/p>\n<p>Tata Power rose about 1 percent after reports it will incur a capex of Rs 1.25 lakh crore between 2026 and 2030.<\/p>\n<p>Welspun Corp rallied 2.1 percent on securing two large orders-one each for the supply of HSAW-coated pipes and HSAW-coated pipes for Natural Gas Pipeline Projects in the U.S. <\/p>\n<p>Delta Corp advanced 1.3 percent as it announced a revised plan for demerging its hospitality and real estate businesses. <\/p>\n<p>Easy Trip Planners jumped nearly 2 percent after confirming new core strategic acquisitions. <\/p>\n<p>Paytm gained 1 percent on news the company is selling its stake in Japan&#8217;s PayPay Corporation to SoftBank in a Rs 2,364 crore deal. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Edge Lower As FMCG Stocks Drag<\/a><br \/>\n<br \/>2024-12-09 04:40:48<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares edged lower in cautious trade on Monday as weak inflation data from China suggested Beijing&#8217;s recent efforts to shore up faltering economic demand are having only limited impact&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":53731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":{"0":"post-53730","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asian-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/53730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=53730"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/53730\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/53731"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=53730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=53730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=53730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}