First Sectoral Index to Cross 60,000 Mark; A Multibagger with 600 per cent Gain

It has outperformed the Nifty50 index by a wide margin, with the latter gaining 355 per cent

The NSE benchmark Nifty50 index began the week on a historic note, reaching a fresh all-time high on Monday as it surpassed the 24,600 mark for the first time. Amid this buoyancy, all the sectoral indices traded in the green, except for Nifty IT. Notably, the Nifty FMCG sector stood out significantly.

The Nifty FMCG Index is designed to reflect the behavior and performance of Fast Moving Consumer Goods (FMCGs), which are non-durable, mass-consumption products readily available off the shelf. This index comprises 15 stocks from the FMCG sector listed on the National Stock Exchange (NSE). The top three heavyweights in the Nifty FMCG index are ITC (32.83%), Hindustan Unilever (19.34%), and Nestle India (7.97%).

The standout performance of the Nifty FMCG index on Monday was marked by it becoming the first sectoral index to cross the 60,000 mark, hitting a record high of 60,141.25. Since July 2010, the index has surged by an astonishing 600 per cent. In 2024 alone, the index is up by 5.77 per cent.

The Nifty FMCG index has been the best-performing sector over this period, second only to the Nifty Auto index. It has outperformed the Nifty50 index by a wide margin, with the latter gaining 355 per cent over the same 14-year period. Thus, the Nifty FMCG index has proven to be a truly multibagger sectoral index.

Disclaimer: The article is for informational purposes only and not investment advice.