Hindustan Unilever shares snapped a six-session gaining streak and fell 1.7 percent to a low of Rs 1,807.10. Tuesday's correction is likely due to profit-booking after the largecap FMCG stock had gained over 5 percent in the last six trading sessions.

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HUL shares ended 1.01 percent lower at close, settling at Rs 1,821.15 per share with 8,42,283 lakh shares changing hands, lower than the three-month daily average of 1.49 million shares.

The yearly return on Hindustan Unilever shares remains positive despite the consumption sector in general seeing a slowdown. The 10-year return on HUL remains over 626 percent.

At 1.19 pm, HUL shares quoted at Rs 1818.25, down by 1.17 percent, while the benchmark Nifty50 traded 31 points lower at 12,057.

Meanwhile, Nifty FMCG traded in the red with eight stocks advancing against seven declining.

Apart from HUL, Godrej Consumer, Procter & Gamble Hygiene and Health Care, GSK Consumer, Marico were among major laggards, while Tata Global rose 3.3 percent.

McDowell, Jubilant Foods, UBL were other major gainers.

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First Published:Jun 4, 2019 1:27 PM IST