FMCG index surges nearly 2%; ITC, Dabur, Marico, HUL, GCPL rally up to 6%

Shares of fast moving consumer goods (FMCG) companies were in high demand on Tuesday. The Nifty FMCG and the S&P BSE FMCG indices gained nearly 2 per cent each on the bourses on hopes of volume recovery on the back of a recovery in rural demand.

Normal monsoons, good harvest & increase in MSP will drive demand in rural markets in the near/medium term, according to analysts.

Nifty FMCG (45,142) and the S&P BSE FMCG (16,412) were up 1.9 per cent each in intra-day trade as compared to benchmark indices, Nifty 50 and the S&P BSE Sensex, which