The Indian market concluded July on a robust note, extending their winning streak to a second consecutive month. This positive momentum has been driven by significant sector rotation, which has played a pivotal role in sustaining the indices at elevated levels. Despite some volatility experienced after the budget—prompted by the […]
fmcg stocks
The increase in short-term and long-term capital gains taxes added to the volatility. During the week, as many as 132 small-cap stocks delivered double-digit weekly returns, with eight of them offering over 25% returns. Despite the volatility induced by the budget, the market has now recovered its losses, driven by […]
The Nifty FMCG index continued its upward momentum, marking a new milestone with a record high of 59,587 points on Thursday, extending its winning streak for the fifth consecutive trading session. It gained 0.40% during the session, accumulating a 4.3% increase over the past five sessions, bringing it closer to […]
Fast-moving consumer goods (FMCG) stocks have largely underperformed so far in 2024 due to weak base rural demand, adverse weather conditions, and lower agri-production growth. High commodity prices have also played a spoilsport for the sector dependent on raw materials–either manufactured domestically or imported. Coming to equities, FMCG majors Hindustan […]
In a significant boost to the agricultural sector, the Union Cabinet on Wednesday announced a hike in the Minimum Support Price (MSP) for 14 Kharif crops for the 2024–2025 season. The increase ranges between 1.4% and 12.5%, with paddy, the most widely cultivated crop, seeing a notable 5.35% rise in […]
Following the election verdict, most FMCG shares have seen a jump of up to 10%, attributed to their defensive characteristics and the optimism surrounding improved prospects. A convergence of favorable factors—such as the monsoon-driven rural resurgence, heightened focus on social welfare post election, and margin buoyancy propelled by crude prices—bode […]
Shares of Marico, one of India’s leading consumer products companies in the hair and wellness market, have shown a strong upward trend since April, rebounding from a steady decline between September 2023 and March 2024. In April, the stock made a robust comeback, ending the month with a 4.18% gain […]
Expert view: Following the Lok Sabha election 2024 results, the D-Street witnessed a bloodbath on Tuesday, June 4. However, in the previous three sessions, domestic benchmark indices have extended advances into the third straight session, ending at new closing highs on Friday, June 7. Despite a 6% loss on June […]
Even amid Monday’s market meltdown, the FMCG sector weathered the storm as it finished the session with a nearly 1% gain, even as the frontline indices experienced one of their bleakest intraday drops in four years. Also Read: From Monsoon to rate cut: 5 crucial triggers for Indian stock market […]
The market had expected Prime Minister Modi securing a consecutive third term with an absolute majority in the lower house of Parliament which would have benefited the Indian economy and the stock market. Also read: Election Results 2024: Here’s what to expect from Indian stock market and what should be […]