Sneha Seth from Angel One advises traders to stay light as Nifty may correct further below the 22,000 mark. The banking index shows support around 48,000 and resistance near 50,500. Godrej Consumer Product is recommended for buy positions with a target of 1220.
ITC, HUL among 10 FMCG stocks that have tumbled up to 31% in 2026. How many do you have?
FMCG stocks remained under pressure in 2026, with the sector index declining 10% year-to-date amid geopolitical disruptions and inflationary pressures. Most major names, including ITC,