FMCG

What happened (21 Aug): FMCG underperformed on the day; investors rotated to other pockets even as indices climbed. Why it matters: Staples can cool off when risk appetite returns elsewhere; also, any tax/regulatory chatter can weigh on sentiment. Beginner takeaway: Even “steady” FMCG can underperform during risk-on phases—diversify across styles (defensive + cyclical).