The selling phase in the market is still dominant, but there is one sector that remains the favorite of investors. Falling commodity prices, especially crude palm oil, have further increased investor sentiment towards this sector. This sector is FMCG i.e. Fast Movers Consumer Goods.
The Nifty FMCG index of the National Stock Exchange (NSE) has given returns of more than 10 per cent to investors since this year. At the same time, NSE’s main index Nifty Fifty has given a negative return of 9.5 percent to the investors. The Bombay Stock Exchange (BSE) main index Sensex has given negative returns of 9.5 per cent to investors since this year, while the BSE Midcap index has slipped by 9.8 and the BSE Small Cap index has slipped by 13.7.
Nifty FMCG Index: This index includes 15 companies belonging to the FMCG sector, including Hindustan Unilever, Nestle ITC, Tata Consumer Products, Britannia, P&G, Colgate, Godrej Consumer and Dabur India.
Rise in these FMCG stocks: After the fall in palm oil prices in the last one month, some FMCG stocks have seen a spectacular rise. The stock of the country’s largest FMCG company Hindustan Unilever has seen a jump of 19.72 per cent in the last one month, while the stock has given a return of 8.84 per cent to investors since this year. ITC has been steadily rising for the past few months. In the last month, this stock has given a return of 12.70 percent to the investors. At the same time, since this year till now, the stock has given a return of 34.09 percent to the investors.
Apart from this, Tata Consumer Products has given 9.10 per cent, Dabur 10 per cent, Nestle 11.25 per cent, Godrej Consumer 17.5 per cent and P&G 4.78 per cent in the last one month. Behind this rise, experts are assuming a reduction in commodity prices by 30 to 40 percent. Experts say that if crude oil goes below $ 100, then such a boom can be seen in other sectors.