BSE FMCG at record high as IMD forecast boosts hopes

Shares of fast moving consumer goods (FMCG) companies rose sharply on Thursday with the BSE FMCG index hitting a record high over hopes of a boost to rural consumption after the India Meteorological Department forecast September rains to be above normal.

Benchmark indices also hit another record with the BSE Sensex closing at 57,852.54, up 514.33 points to 0.90%. The Nifty was at 17,234.15, up 157.90 points or 0.92%. Small News