Strong Pharma & FMCG
Broad market is showing signs of tiredness, Pharma and FMCG are strong. When defensive's get strong it is a message that broad market will take back seat. If Pharma has to go up, its business should do well and this means more people falling sick. FMCG business does well in recession. For now, no clarity on if there is some panic coming soon, markets sense conditions forward, whether it is good or bad. Good time to make some fast gains from both the defensive sectors.
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