Nifty FMCG index rises to record high; Here's what driving the index2 min read 26 May 2023, 05:33 PM IST
Nifty FMCG stocks: Analysts claim that over the past year, there has been a good overall trend in the FMCG space. Although there have been a few corrections to the index, it has been purchased.
The Nifty fast-moving consumer goods (FMCG) index has outperformed other NSE sectoral indices led by ITC Ltd's exceptional performance. The Nifty FMCG has ended in green for five straight sessions in a row this week and has passed the crucial 50,000-point mark on Friday's trade. Apart from ITC, other stocks in the basket are also performing well. Analysts predict that this increasing trend will continue. The index is supported at a level of 49,000 to 49,500, and 52,500 may be anticipated within the next few months.
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