Consumer stocks in worst-ever worst losing run as tax cut rally fades

Indias consumer staples shares rally fizzles out due to weak demand concerns. The Nifty FMCG Index saw its worst losing streak, negating gains from income tax cuts. Analysts doubt the stimulus will sufficiently boost consumer demand amid inflation and slow growth. Key stocks like Hindustan Unilever and ITC are hitting low points, urging better execution to counter these challenges.