Nifty FMCG down 22% in 2026; Diwali shopping opportunity for investors? Experts decode support levels and recovery bets

What happened: The Nifty FMCG index hit a fresh 52-week low of 42,800.75 on 26 October and has fallen over 22% year-to-date, underperforming the Nifty 50, which declined around 13% YTD. Key numbers: Nifty FMCG down over 22% YTD and about 16% over six months. Intraday low 42,454.50, close 43,118.20. Why it matters: Experts attribute the decline to rising input costs, slowing growth expectations and weak consumer demand. SAHI's Gaurav Arora sees any bounce as festival-led rather than a sustained uptrend, while Choice Broking's Sachin Gupta flags a 39,400 to 42,000 demand zone.

The Nifty FMCG index hit a fresh 52-week low of 42,800.75 on 26 October and has fallen over 22% year-to-date, underperforming the Nifty 50, which declined around 13% YTD.

Experts attribute the decline to rising input costs, slowing growth expectations and weak consumer demand. SAHI's Gaurav Arora sees any bounce as festival-led rather than a sustained uptrend, while Choice Broking's Sachin Gupta flags a 39,400 to 42,000 demand zone.