The Russia-Ukraine crisis and the resulting rise in commodity prices has begun to weigh on consumer stocks while it has turned the fortunes of metals and mining stocks. The combined market capitalisation of NSE FMCG Index has slumped to a nine-month low, while the BSE Metal Index's market capitalisation is now at a six-month high.
The BSE Metal index, which tracks the share prices of the country’s top 10 metal and mining stocks – such as Tata Steel, JSW Steel, Hindalco, Vedanta, Coal India, NMDC, and Hindustan Zinc – closed Monday with market cap of Rs 9.53 trillion, up 7.3 per