FMCG stocks have tumbled up to 21% in three months due to weak Q2 earnings, inflation, and slowing demand. Experts advise caution, recommending select stocks like GCPL, Marico, Tata Consumer, and liquor companies for long-term potential. Nifty FMCG is showing signs of rebounding from oversold territory.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.