 "retail, inflation, goods, FMCG")
Global markets wilted under selling pressure on Thursday after the US Federal Reserve raised interest rates by 75 basis points, and signalled further tightening ahead in its bid to combat red-hot inflation.
Further, the RBI is scheduled to meet next week to decide on the interest rates back home.
Despite the current uncertain market scenario, investors then to prefer FMCG a safer sector compared to others. So far on Thursday, the Nifty MFCG index had gained 1.1 per cent and registering a new all-time high, while the benchmark indices were down close to a per cent.
