FMCGβs defensive image hit as stocks fall up to 21% in 3 months. Tata Cons, Marico among top 10 bets
FMCG’s reputation as a defensive sector has received some serious hammering with stocks falling by up to 21% in the last three months amid muted Q2FY25 earnings, nagging inflation and slowdown in demand. Experts recommend caution going ahead as they pick their top stocks to buy. At the index level, Nifty FMCG has declined nearly…
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Sensex rises above 85,300 for the first time, Nifty hits fresh peak; IT, bank stocks shine
Key equity indices Sensex and Nifty opened at fresh record highs for the sixth consecutive session on Thursday, driven by gains in IT and auto stocks, amid continued optimism over higher foreign inflows. The BSE Sensex was up 123 points, or 0.15%, at 85,290, while the Nifty50 rose 40 points, or 0.15%, to 26,043 around…
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Number of smallcap stocks offering double-digit returns falls even as bulls dominate the week
Indian equity markets cheered the 50 bps rate cut by the US Fed as the indices scaled to record highs. The apprehension of a slowdown in growth was eased slightly after the lower-than-expected US jobless claims. Despite overall bullish sentiments, the rally failed to completely trickle down to the broader markets as the number of…
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MNCs continue to encash lofty valuations at Indian-listed arms
Multinationals are rushing to exploit a runaway rally in the Indian stock markets, with more than a dozen firms paring holdings in their local businesses in the past year, while half a dozen others, including Hyundai and LG, are planning public listings. GE T&D India is the latest to join a growing list of global…
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