The FMCG sector posted top-line growth, driven by a summer spike, although the general elections negatively impacted the sector. The outlook for H2 remains positive, as indicated by company commentaries. Revenue is expected to grow, supported by rural recoveries, according to multiple brokerages. With sector rotations underway and defensives like FMCG gaining investor interest, stocks…
READ MOREWhile the domestic gush of liquidity has dismissed the impact of capital gains tax hike, expensive valuations and a not-so-great Q1 earnings season, foreign institutional investors (FIIs) have sold Indian stocks worth at least Rs 30,000 crore since Budget. In the last 17 trading days since Budget was presented on July 23, Sensex is weaker…
READ MORENifty ended with 0.9% gains in a week helped by gains in IT even as metals and consumer durables pulled the markets back. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-truncated week are likely to impact them. On Friday, Nifty ended with a decline…
READ MORE