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.
Global Market Today: Asian shares mixed as surging oil, Treasury yields weigh
Equity-index futures for Asia were mixed, while contracts for US stocks edged higher after the S&P 500 erased its advance for the month and the