Underperformance in Nifty FMCG lurking around the corner?
A slight delay in monsoon has already pushed Kharif sowing by 10 to 15 days, as per Skymet
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A slight delay in monsoon has already pushed Kharif sowing by 10 to 15 days, as per Skymet
Option data at the end of the day on May 3 suggests a number of hurdles for the index. At the same time support is also present as traders have not taken a definite view on it.
While global Inflation kept the demand for paper down, pulp prices are expected to ease with new pulping capacities being added in Brazil, Uruguay and China. In India, imports are now cheaper as cost of production at Indian companies remains unchanged
Shares of Adani Enterprises surged 15.78 per cent to settle at ₹1,579.00 apiece, after climbing 14 per cent yesterday, ending a seven-day losing streak that was the longest since October 2022