FMCG Stocks outlook For The Week - 24 To 28.09.2018
Stocks of fast moving consumer goods companies are expected to trade in a narrow range next
week due to lack of definite cues. Though the fundamental outlook for the sector remains positive, expensive valuations are a matter of concern. Stocks in the sector will take cues from the broader market, in the absence of immediate triggers. Benchmark indices are expected to fall further next week, as investors continue to book profits following the risk aversion triggered by illiquidity in the corporate commercial paper market. Caution ahead of the US Federal Reserve's two-day monetary policy meeting beginning Tuesday is also likely to weigh on the market.
Source : Cogencis Information Services Ltd.
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Stocks of fast moving consumer goods companies are expected to trade in a narrow range next
week due to lack of definite cues. Though the fundamental outlook for the sector remains positive, expensive valuations are a matter of concern. Stocks in the sector will take cues from the broader market, in the absence of immediate triggers. Benchmark indices are expected to fall further next week, as investors continue to book profits following the risk aversion triggered by illiquidity in the corporate commercial paper market. Caution ahead of the US Federal Reserve's two-day monetary policy meeting beginning Tuesday is also likely to weigh on the market.
Source : Cogencis Information Services Ltd.
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