FMCG stocks experienced a surge following positive business updates from Godrej Consumer, Dabur, and Marico, signaling improved demand prospects. Godrej Consumer led the gains, fueled by expectations of double-digit revenue growth. While some analysts caution against generalizing the trend, optimism is driven by a favorable monsoon and anticipated urban demand uptick, potentially favoring stocks with stronger growth prospects.
Gold, silver slide as buyers wait for prices to stabilise
Gold and silver prices fell sharply on Monday, leading potential buyers to postpone purchases for upcoming festivals. Silver futures dropped significantly, while gold futures also