 "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.")
Fast-moving consumer goods (FMCG) stocks were big gainers in a weak market after the monetary policy committee (MPC) of the Reserve Bank of India (RBI) cut the inflation forecast for FY26 to 4 per cent, from 4.2 per cent earlier, and saw urban consumption improving. The decision to lower the inflation forecast was on the back of robust agricultural output and falling crude oil prices.
The positive trigger helped the Nifty FMCG index gain 1.8 per cent to close the day at 55,264.8. It was the only index to end in the green as most indices, including the benchmarks, closed
