 "The Nifty FMCG index has remained nearly flat, registering just a 0.3 per cent increase since the start of the 2024 calendar year. As of Wednesday, the FMCG index closed at 57,177.6, compared to 56,987.2 at the end of December 2023.")
The Indian equity market reached a new high on Wednesday as the benchmark S&P BSE Sensex crossed the 80,000 mark for the first time. Similarly, the National Stock Exchange Nifty 50 crossed 24,300 during the day and closed with gains of 0.67 per cent.
Year-to-date, the Nifty 50 has risen by 11.8 per cent, while the Sensex has increased by 10.7 per cent since the beginning of the year.
The recent rally in the Indian equity market occurred despite limited support from fast-moving consumer goods (FMCG) heavyweights such as Hindustan Unilever, ITC, and Asian Paints, among others.
