Exceptional Performance of Nifty FMCG (NIFTYFMCG) on D-Street Amid Market Selloff: HUL, Marico Lead Gains

• The Nifty FMCG index marked its biggest single-day gain in nearly two years, closing 2.02 per cent higher despite a broader market selloff on May 7.
• FMCG giants including Hindustan Unilever Ltd (HUL), Marico, Britannia Industries, Nestle India, and ITC recorded impressive gains ranging from 5-10 per cent.
• Marico, in particular, closed 10 per cent higher after forecasting revenue growth that outpaces volumes in fiscal year 2025.

Despite a broader market selloff, the Nifty FMCG index marked its biggest single-day gain in nearly two years, with FMCG giants recording impressive gains. Marico stood out with a 10 per cent increase after forecasting strong revenue growth.

FMCG Stocks Soar Amid Market Selloff

Despite the benchmark Nifty 50 index falling for the third straight session, the Nifty FMCG index managed to close 2.02 per cent higher. This was... Read the full article for FREE at COINOTAG!