Latest news with #NiftyConsumerDurables
India.com
10 hours ago
- Business
- India.com
Stock Market Hits 9-month High As Sensex Surges Past 84,000, Nifty Nears 25,650
Mumbai: The Indian stock markets ended on a strong note on Friday, with benchmark indices touching a nine-month high. Investors were in a positive mood as tensions in West Asia eased amid reports of a 'great' India-US trade deal possibility, thus lifting market confidence and encouraging buying. The Sensex climbed 303.03 points, or 0.36 per cent, to close at 84,058.90. It traded within a range of 83,645.41 to 84,089.35 during the day. This is the fourth straight session of gains for the benchmark index, marking a steady upward trend. The Nifty also saw a similar rise, gaining 88.80 points, or 0.35 per cent, to finish the day at 25,637.80. It moved between 25,523 and 25,654 in intra-day trade. "The Nifty continued to move higher as investor confidence remained strong. With no major resistance seen before 25,750–25,800, the index may continue its upward trajectory,' Rupak De of LKP Securities said. A buy-on-dips strategy appears more appropriate at current levels, following the sharp rise over the past few days. On the downside, support is placed at 25,500; a break below this level could lead to consolidation, he added. Earlier, the Sensex had touched the 84,000-mark in October 2024, while the Nifty had reached 25,639 on October 3 last year. Broader markets followed suit. The Nifty Midcap100 index rose 0.27 per cent, while the Nifty Smallcap100 jumped 0.91 per cent -- showing that investor interest was strong even beyond large-cap stocks. Except for the Nifty Consumer Durables, Realty, IT, and FMCG indices, all other sectoral indices on the NSE closed in the green. The Nifty Oil & Gas index outperformed both its sectoral peers and the benchmark indices, ending 1.19 per cent higher. Volatility also cooled off, with the India VIX -- the fear gauge -- slipping 1.60 per cent to settle at 12.39. This suggests that investors are feeling more confident about market stability in the near term.
Time of India
12-05-2025
- Business
- Time of India
FMCG sector set for recovery in H1FY26; Consumer durables show long-term strength: Report
The fast-moving consumer goods (FMCG) sector is expected to see a rebound in demand in the first half of financial year 2025-26, supported by a revival in rural markets, easing inflation, and favorable pricing strategies, according to a recent report by ShriRam Mutual Fund. #Operation Sindoor India responds to Pak's ceasefire violation; All that happened India-Pakistan ceasefire reactions: Who said what Punjab's hopes for normalcy dimmed by fresh violations The report stated that while this anticipated recovery comes after a period of mixed performance, especially as companies look forward to improved consumption trends across both urban and rural areas. It said, "FMCG is poised for a demand rebound in H1FY26, aided by rural recovery, softening inflation, and supportive pricing". by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Cost Of Amusement Park Equipment From Mexico Might Surprise You (See Prices) Amusement Park Equipment | search ads Learn More Undo On the other hand, the consumer durable sector also maintains a positive outlook but with challenges, particularly for categories like electrical consumer durables (ECD) and room air conditioners (RACs). The demand for premium products and the effect of rising temperatures are expected to boost sales, especially for brands with a strong presence in fans and cooling appliances. Live Events However, the report warned of some challenges. High raw material costs and limited ability to pass on those costs to consumers may impact profit margins, particularly in the RAC segment. The report said, "High raw material costs and limited pricing power may pressure RAC margins." Additionally, a delayed summer season affected sales in the southern region, though demand in northern parts of the country has seen a pickup. On the equity market front, the report highlighted increasing volatility in domestic markets, driven largely by global concerns. The fear of a potential global trade war, following tariff impositions by the United States, has led to uncertainty. This has caused jitters in global financial markets and is contributing to short-term market fluctuations. Despite these concerns, both the FMCG and consumer durables sectors posted strong gains over the past month. The Nifty FMCG index rose by 5.33 per cent, while Nifty Consumer Durables climbed 4.06 per cent, reflecting optimism around domestic consumption, helped by stable input costs and improving demand. However, looking at a three-month period, the gains were more modest. Nifty Consumer Durables rose by just 1.09 per cent, and Nifty FMCG inched up 1.60 per cent. This suggests some investor caution, especially around the pace of rural recovery in the FMCG space. Over six months, both sectors showed declines--Nifty FMCG dropped 5.53 per cent and Nifty Consumer Durables fell 6.30 per cent--indicating pressure from higher interest rates and inflation, which have likely impacted consumer spending. In the long term, Nifty Consumer Durables outperformed FMCG, rising 7.13 per cent over the past year, compared to FMCG's 4.06 per cent gain. Overall, while both sectors have shown signs of recovery in the short term, consumer durables appear to have stronger investor confidence for the long run.
