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Consumer discretionary index hits all-time high; analysts see more upside

Shares of consumer discretionary companies continued to march ahead on Tuesday with the S&P BSE Consumer Discretionary Goods & Services index hitting a fresh record high at 5,104 in intra-day trade. In comparison, the benchmark S&P BSE Sensex was up 0.54 per cent at 52,835 points.  In past two months, the BSE Consumer Discretionary index outperformed the market by surging 13.4 per cent, against 8.2 per cent gain in the benchmark index. Analysts believe there is still more room for an upside, but investors need to be selective.  The recent optimism at the bourses stems fro.....

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