@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

with #brentoil around 70 & #wti around 67 oil and oil marketing cos in action like #ongc #oilindia #hpcl #bpcl & many more #alliesfin