Historically, FMCG stocks have outperformed in a falling market, providing downside protection to portfolios.
However, during the current market selloff, the FMCG index has underperformed the broader market. The National Stock Exchange (NSE) Nifty FMCG Index is down 13.6 per cent since the end of September, when the equity market peaked, compared to an 8.7 per cent decline in the benchmark NSE Nifty 50 during the same period.
The FMCG sector has continued to lag for the second consecutive month in November. The sectoral index is down 4.3 per cent month-to-date, compared to a 2.7 per cent decline in the Nifty 50. On Tuesday, the FMCG index dropped by 1.6 per cent, closing at ₹56,902.6, while the Nifty 50 declined by 1.07 per cent on the same day.
Denne historien er fra November 14, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra November 14, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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