@AlliesFin

#Nifty #PE may not fall much.

Earlier, #Britannia replaced #HPCL, now #Nestle will replace Indiabulls.

All #high PE #FMCG stocks are replacing #traditional #business so that #artificially Nifty can hold high without representing the overall #market condition.

Over all new FMCG weightage 13% #AlliesFin

#NIFTY hits 52 week top 13597 till now.
#FMCG sector top performer today .
#auto sector lagging today.

#India #Equity #market performance for the financial year 22-23.
#alliesfin
#Nifty down -0.6%
Nifty #Bank up +12%
Nifty #Auto up +16%
Nifty #IT down -20%
Nifty #Midcap up +1.5%
Nifty #smallcap down -13.5%
Nifty #PSU up +37%
Nifty #FMCG up +26%.
Nifty #metal down-16%
#Gold up +2.4%

#India #Equity #market #performance for the #financial year 22-23.
#alliesfin

#Nifty down -0.6%
Nifty #Bank up +12%
Nifty #Auto up +16%
Nifty #IT down -20%
Nifty #Mid cap up +1.5%
Nifty small cap down -13.5%
Nifty #PSU up +37%
Nifty #FMCG up +26%.
Nifty #Metal down-16%
#Gold up +2.4%