Swiggy, Eternal lead consumer rally as US-Iran deal cools crude
Indian consumer and retail-linked names rallied after a US-Iran deal eased crude. Swiggy +4.64% to Rs 261.50, Eternal +4.41% to Rs 254.55, QSRs up to +2.5%. IndiGo +4.13%, Maruti +4.03%, Asian Paints and OMCs also gained as input cost fears receded.
Indian consumer and retail-linked stocks rallied after a US-Iran deal eased crude prices. Swiggy rose 4.6%, Eternal 4.4%, QSRs (Jubilant, Devyani, RBA) up to 2.5%, plus gains in IndiGo, Maruti, Asian Paints and OMCs.