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31 of Nifty50 firms exposed to commodity-related risk: BofA Securities

Among sectors with high exposure, raw materials comprise 57% of sales for the discretionary sector, according to BofA's estimates

Topics
Nifty50 | NSE Nifty50 benchmark index | BofA

Puneet Wadhwa 



Nifty50, nifty
Steel, cement, crude, coal, copper, aluminum, iron ore, palm oil and caustic soda are the key commodities relevant for Nifty50 companies

Rising commodity prices pose a threat to the with 31 companies, or 46 per cent of free-float weighted Nifty market-cap, exposed to commodity-related risks, suggests the latest report from Securities. The research and broking house cautions that the full impact of the rise in commodity prices is yet to play out. In this backdrop, it expects the equity market to consolidate.

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First Published: Mon, February 22 2021. 16:31 IST

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