Stock market sheds losses in volatile session; Nifty trades near 25,700
At the close, the Sensex was up 266.47 points, or 0.32%, to 83,580.40, while the Nifty gained 50.90 points, or 0.20%, at 25,693.70.
At the close, the Sensex was up 266.47 points, or 0.32%, to 83,580.40, while the Nifty gained 50.90 points, or 0.20%, at 25,693.70.
Jharkhand Chief Minister Hemant Soren on Monday paid floral tributes to Sidho-Kanhu and Chand-Bhairav, the iconic leaders of the 1855 Santhal Hul (rebellion), marking Hul Diwas with a message of resistance, pride, and cultural assertion.
HUL’s sales recorded a marginal increase to Rs 14,693 crore in the fourth quarter as revenue in the beauty and personal care segment fell 2.7 per cent.
"Margin pressure due to surge in input costs is expected to reduce owing to price hikes, operational efficiency, and improvement in product mix."
Apart from O2 concentrators, HUL will also be providing ventilators and other medical equipment for hospitals, including in rural areas.
Under the partnership, HUL's retailers who use the company's Shikhar app will be able to avail of credit facility.
The maker of Kissan, Horlicks, and Knorr soups said the outlook for the FMCG sector remains extremely uncertain even as it expressed confidence at medium- and long-term growth prospects.
The Bloomberg report suggests, Glaxo is preparing to sell part or all of its 5.7% stake in HUL via a series of block trades.
At 12.41 pm, the Sensex was up 53.23 points at 39,788.76 and Nifty gained 25.30 points to achieve 11,687.15.
The 30-share index was trading 169.69 points, or 0.44 per cent, higher at 38,770.03. Similarly, the broader NSE Nifty was up 38.70 points, or 0.33 per cent, at 11,636.95.
