The Nifty FMCG index was star outperformer for the day on backdrop of positive catalyst that the above-normal monsoon will maintain the supply of food, satisfying consumer demand.
Also, amidst tumbling WTI Oil prices, we suspect, the food inflation will also remain low, and the profitability of FMCG companies will be on a steady rise.
Major Gainers: ITC (+1.95%) HUL (+2.85%) GODREJ CP (+2.85%) BRITANNIA (+1.74%)
*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Returns mentioned herein are in no way a guarantee or promise of future returns. Stock market investments are subject to market risks.
*Closing Bell —— Wednesday, September 18th 2024* *Review & Preview @4PM —— Wednesday, September 18th 2024* NIFTY (-41, 25377) Sensex (-131, 82948) Bank Nifty (+562,
*Morning Action @ 7 AM – Wednesday, September 18th 2024* # In early action, Gift Nifty is seen wavering indicating Nifty may spend the day
*Review & Preview @4PM —— Tuesday, September 17th 2024* NIFTY (+35, 25419) Sensex (+91, 83080) Bank Nifty (+36, 52189) Up again for benchmark Nifty on
© Copyright 2024 lotusfunds.com, All Rights Reserved.