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Technical outlook โ€“ the Nifty 50 and broader markets
Markets
B Krishnakumar

Technical outlook โ€“ the Nifty 50 and broader markets

As observed in the previous update on targets for the Nifty 50, the index remained strong and also moved pretty close the target zone of 18,700-18,750. The index recorded a high of 18,662 on May 30 and has since been in a consolidation. In this update, we take a quick look at the short-term outlook for the Nifty 50 index and focus on a more detailed outlook for the broader markets and interesting sectors.

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FMCG sector: At the crossroads
Markets
N V Chandrachoodamani

FMCG sector: At the crossroads

Around this time last year, we had analysed the FMCG sectorโ€™s March 2022 quarter earnings. At the time, the sector was grappling with twin headwinds of a demand slump and rising input costs. Valuations were still expensive. Most FMCG players have declared their results for the March 2023 quarter.

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