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Nifty FMCG top sectoral gainer as HUL, Nestle, ITC rally; easing oil prices boost domestic consumption outlook
The rally in FCG shares today comes as crude oil prices have retreated from recent highs, offering some relief to consumer companies that use petroleum-linked packaging materials and other derivatives as key inputs.
Taking Stock: Nifty above 23,600, Sensex gains 1,695 pts on Middle East peace hopes
Among the Nifty constituents, Shriram Finance, L&T, InterGlobe Aviation, Bajaj Finance and Titan Company emerged as the top gainers. On the other hand, Nestle India, ONGC, Tech Mahindra, Tata Consumer and SBI Life Insurance ended as the major laggards.
Nestle India stocks gain nearly 2% after outlining four-pronged growth strategy
The stock was trading at Rs 1,403.10, up Rs 17.80 or 1.28 percent. Earlier in the day, it rose as much as 1.82 percent to hit an intraday high.
Neutral Nestle India; target of Rs 1400: Motilal Oswal
Motilal Oswal recommended Neutral rating on Nestle India with a target price of Rs 1400 in its research report dated April 21, 2026.