Markets Slip as FMCG Drags; ITC Falls 3% After BAT Stake Sale

Tanks 3% on $1.5B Stake Sale, FMCG Leads Market Decline On May 28, 2025, Indian benchmark indices closed in the red as Nifty slipped 73.75 points and Sensex fell 239.31 points. However, Bank Nifty and Fin Nifty managed to end in green, gaining 64.2 and 31.05 points respectively. The FMCG sector was the biggest drag of the day, shedding nearly 1.5%, while Nifty Media and PSU Bank indices emerged as top gainers, each rising about 1%. ITC shares tumbled over 3% after British American Tobacco (BAT) offloaded a $1.5 billion (approx. ₹12,926 crore) stake in the company via a block deal. Broader markets showed mixed sentiment with selective sectoral strength. Disclaimer: This post is for informational purposes only and does not constitute trading or investment advice.