FMCG stocks faced a significant selloff on December 9, driven by concerns over a demand slowdown following a weak quarterly update from Godrej Consumer Products. Hindustan Unilever saw its worst decline in six weeks, dropping 4%, while Godrej plunged over 9%. The Nifty FMCG index fell over 2%, marking it as the worst performing sectoral index of the day.
The Nifty 50 index has declined approximately 7 percent over the past month, driven by foreign portfolio investor selling and lackluster corporate earnings in India. In the upcoming week, shortened by the Diwali festival, key companies such as Bharti Airtel, Maruti Suzuki, and Sun Pharma will report their earnings for the September 2024 quarter.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
