The Nifty FMCG Index: A star outperformer of the day!

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%)

 

 

Trader Premium Services

*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.

More Posts

Open chat
1
LotusFunds
Hello 👋
Can we help you?