Nifty below tad 22,600 level; FMCG shares decline

The key equity benchmarks traded with minor cuts in early afternoon trade. The Nifty traded below the 22,600 level. FMCG shares extended losses for the seventh consecutive trading session.

At 12:30 IST, the barometer index, the S&P BSE Sensex declined 10.29 points or 0.01% to 73,113.54. The Nifty 50 index lost 7.70 points or 0.02% to 22,596.45.

The broader market outperformed the frontline indices. The Nifty MidCap 150 Index rose 0.43% and the Nifty SmallCap 250 Index jumped 0.27%.

The market breadth was negative. On the NSE, 2,079 shares rose and 2,150 shares fell. A total of 227 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 5.07% to 17.72. The Nifty 27 October 2026 futures were trading at 22,648.70 at a premium of 52.25 points as compared with the spot at 22,596.45.

The Nifty option chain for the 27 October 2026 expiry showed a maximum call OI of 227.5 crore contracts at the 23,000 strike price. A maximum put OI of 234.7 crore contracts was seen at the 22,500 strike price.

Buzzing Index:

The Nifty FMCG index shed 0.52% to 42,458.85. The index fell 6.34% in the seven consecutive trading sessions.

Tata Consumer Products (down 3.29%), Godrej Consumer Products (down 3.11%), Dabur India (down 1.4%), Nestle India (down 1.07%), United Spirits (down 0.88%), United Breweries (down 0.83%), Patanjali Foods (down 0.83%), Colgate-Palmolive (India) (down 0.69%), Godfrey Phillips India (down 0.68%) and Hindustan Unilever (down 0.36%) rose.

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