Traditionally we have always called India a consumer based economy. Even in the time of criss the 1 of 2 sectors which has help up really well is FMCG. Leaders at even at all time highs and consumption as a story hasn't stopped.
Technically on a monthly basis the 50MEMA has always held since 2009. Going below but always closing the month positively. The same can be seen once again. Lets keep a watch on some of these stocks which could potentially lead the market out of this painful down move.