The HSBC India Manufacturing Purchasing Managers’ Index (PMI) came in at a three-month low of 57.6, although this was higher than the long-term average for the sector of 54.1.

Leading the decline in the FMCG pack around 3:00 PM were shares of ITC, Nestle, Emami, and Tata Consumer, which fell between 1.1 per cent and 2.5 per cent.Other notable laggards included United ...