A maturing market amid the mayhem
FMCG index up, ITC surges
The BSE FMCG Index closed 3.5 percent higher on Monday and topped the list of sectoral gainers with stocks such as ITC and Colgate posting smart gains.
ITC touched an intra-day high of 5.9 percent, its highest level in at least 20 years, helped by robust domestic consumption. The share closed 4.9 percent up.
Other gainers included Colgate, which closed 4.5 percent higher, and HUL which gained 3.8 percent. Godrej Consumer Products however bucked the trend and slipped more than 5 percent.
Since July, this sectoral index has gained 14.16 percent versus a 12.4 percent gains in the BSE Sensex. Would you invest in this sector now?