Consumer durables, auto, FMCG & PSU among top 5 index outperformers in first half of FY25

Indian Stock Markets: The NSE benchmark Nifty 50 index posted impressive gains in the first half of the financial year 2025 (FY25), rising 14.91%. Against the handsome returns given by the benchmark, Nifty Consumer Durables, Nifty Auto, Nifty FMCG, Nifty PSE and Nifty Pharma indices emerged as the top five outperformers.

Key outperformers

Nifty Consumer Durables index with a gain of 34.35% during the first six months of FY25 stands as the best performer. It is followed by the Nifty Auto index which rose 26.38%.

The consumer durables manufacturers saw strong sales during the first half of FY25. While strong summer season sales lifted the performance of cooling products and appliances, some improvement in rural demand helped. The declining input costs also lifted earnings.

Auto stocks experienced strong gains due to an increase in demand for two-wheelers, while other segments also showed promising prospects.

Significant gains in stocks of fast-moving consumer goods (FMCG) companies and public sector enterprises (PSEs) helped the Nifty FMCG index and the PSE to become third and fourth-largest sectoral gainers. 

Nifty FMCG index gained 21.62%, significantly outperforming the benchmark Nifty 50.

FMCG companies are benefitting from a rise in rural demand which can improve further led by good monsoon season.

Nifty PSE index, on the other hand, rose 21.45% during the April-September 2024 period, closely following the Nifty FMCG index.

Stocks of Indian pharmaceutical companies also saw significant gains on the back of improved earnings outlook. The new and large product launches in the US, the world's largest healthcare market, have led to a significant rise in profits, while the domestic market also remains strong.

Other key index gainers

Other outperforming indices in the same period include Nifty Healthcare, Nifty Metals, and Nifty IT index. They gained between 19-21%.

Realty, commodities and financials also saw gains of 15-17%, slightly outperforming the Nifty 50 index.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions