Market Psychology: Defensive Comeback 🧠📦

After a prolonged phase of underperformance, the sharp rebound in FMCG signals a shift in investor mindset from risk-taking to capital preservation. As uncertainty rises, money typically rotates into defensives, and FMCG—being a stable earnings sector—naturally attracts flows. The recent momentum reflects growing comfort among investors to re-enter quality names with predictable cash flows. At the same time, the strong rally led by heavyweights like Nestlé India and Hindustan Unilever Ltd suggests institutional accumulation rather than retail-driven moves. However, with momentum turning crowded, the next phase will depend on whether this conviction sustains or fades into short-term profit booking.