FMCG stock opens gap up despite weakness in benchmark indices, surges 11% amid heavy volume

FMCG stock opens gap up despite weakness in benchmark indices, surges 11% amid heavy volume

Shares of diversified FMCG company Elitecon International opened with a gap today, even as stock market benchmark indices Sensex and Nifty declined in early deals, tracking weak trends in global equities and rising crude oil prices amid escalating tensions between the US and Iran. While the 30-share BSE Sensex declined 358.54 points to 73,624.64, the 50-share NSE Nifty dropped 117 points to 23,098.30. Despite this weakness, shares of the company…