The BSE Sensex closed 656 points lower on Wednesday, leaving investors poorer by ₹1.37 lakh crore as the total market cap of BSE-listed firms dropped to ₹274.86 lakh crore.
The BSE Sensex and the NSE Nifty resumed their gaining streak after a day’s fall in the previous session led by index heavyweights RIL, TCS, and ICICI Bank.
The candy-makers gained market share at the expense of local brands, which perished due to Covid-19 disruptions.
After a stellar earnings season in Q4 of FY21, India’s growth engine seems to have lost its steam in the June quarter because of the second wave of the Covid-19 pandemic.
The surge in Coronavirus cases across the country threatens to derail the growth reported by consumer-focussed companies in the March quarter.
From the way people work to the way they consume and even the way companies advertise, a sea of changes awaits India after the Coronavirus pandemic blows over, says Suresh Narayanan.
Shares of Nestlé India, Dabur, Britannia, and Hindustan Unilever have gained up to 12-22% in the past three months.
Coca-Cola India appoints Sundeep Bajoria as vice-president, Southwest Asia operations, and Chandrasekar Radhakrishnan VP, strategy and insights, as Coca-Cola India and Southwest Asia.
The maker of Maggi noodles and Kit-Kat chocolates saw higher margins on lower commodity prices .
