Indian equities fell for the second straight day after the US Federal Reserve hiked interest rates by 75 basis points for the third time in a row. However, benchmark indices recovered from the day's low with muted FII flows.Auto and FMCG were among the top sectoral gainers. The FMCG index gained for the fourth straight day and is within touching distance of a 52-week high. The index has also gained on an annual basis in 10 out of the last 11 years.Sources within the dealing rooms tell CNBC TV-18 that IT stocks continue to receive nibbling from institutional investors. It remains to be seen how they react on Friday morning to Accenture's earnings after the company forecast revenue below estimates on lower spending and a stronger Dollar. Accenture assumes a negative 8.5 percent forex impact.Also Read: KPIT Tech to fully own Technica — here's how the Street is reading itWhile the NSE Nifty 50 remains in a range, dealers believe that a close above levels of 17,800 can trigger further upside on the index.Besides Consumption names, here are some other stocks that have been part of the dealing room chatter today:Tata Chemicals: The stock had its best day in over a month after ending with gains of over 5.3 percent. Dealers indicate strong buy flows for the counter. Shares are just 3.3 percent away from their 52-week high. The management expressed confidence at an investor conference that their margins are set to improve going forward. For the April-June period, Tata Chemicals reported EBITDA Margins of 25 percent.Tilaknagar Industries: The alcoholic beverage company also ended Thursday's session on a high, with gains of over 4.5 percent. The stock is also nearing its 52-week high of Rs 102.90. Dealers are anticipating strong delivery volumes in today's session on the back of strong flows from FIIs.Piramal Enterprises: The stock has been under pressure since the demerger of the pharma business, oscillating in a range of Rs 950 on the lower end and Rs 1,100 on the upper end over the last month. Shares have also corrected 10 percent since the demerger took effect. Dealing rooms suggest that selling pressure may abate as some long-only funds have turned active buyers in the stock. Shares ended 2.2 percent higher on Thursday.Coal India: Last on the list is the top performer on the Nifty 50 index this year. However, shares ended among the top 10 laggards on the index on Thursday, ending 1.7 percent lower. Dealers indicate that the stock is under pressure due to fears of an Offer for Sale announcement from the government soon. As per the June quarter shareholding pattern, the government holds 66 percent stake in the country's largest coal miner. On Wednesday, we highlighted how the stock is set for its best annual performance since going public in 2010.Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!