NiftyFMCG Index

According to the technical analyst, he recommends traders to adopt sell side position for Nifty Metal index or wait for bearish correction to culminate before commencing accumulation at support levels

The overall sentiment towards the market has remained indecisive and ambiguous, with market participants waiting for a clear direction

Extent of margin gains will depend on extent of ad spends and price cuts

Normal monsoons, good harvest & increase in MSP will drive demand in rural markets in the near/medium term, according to analysts.

Profit-booking comes to play, investors dump FMCG, pvt banking stocks

The Nifty FMCG index hit a fresh all-time high on Thursday even as the key benchmark indices wilted under selling pressure, tracking losses in global markets.

Softening bond yields, moderation in FPI selling boost sentiment; both indices are now up 6% from year's low, but still down over 12% from their record high levels seen last October

Despite the correction, analysts at HDFC Securities expects more valuation risks in the next few years

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Its stock price is up 20% since the beginning of August, against 10% rally in Sensex

On July 29, 2021 the board approved scheme of arrangement, which envisages the transfer of the entire balance of Rs 837.43 crore standing to the credit of the general reserve to the retained earnings

Hopes of demand recovery and plateauing of input costs coupled with stock underperformance are triggers

Industry net sales have grown in double digits in just three of past 24 quarters

Margin gains, however, will depend on raw material inflation, pricing action

ITC stock is struggling to conquer the resistance of Rs 215 to Rs 220 levels. The downside support stays at Rs 200

BSE FMCG Index is up 7.3% since Nov end, against 4.1% rally in Sensex

Among individual stocks, ITC was up 1 per cent at Rs 208, surging 17 per cent in past one month.

Over the past few sessions, the markets have been consolidating in a range. Here are the key levels you need to track for key indices

Competitive intensity, downtrading, and demand slowdown likely to hurt performance and valuations

Strong distribution network and company's cost efficiency would help increase sales of the acquired high-margin portfolio