Consumer, retail lenders make 93% of FY19 market capitalisation gains

Both sectors combined account for 35% of market cap, up from 12.2% in March 2008

Consumption-oriented stocks are leading the charge on Dalal Street, with the government shifting its focus back to consumer demand to spur economic growth. In the last one year, stocks from the consumer and retail lending space have accounted for 93 per cent of all the market capitalisation gains for the listed companies. 

The combined market cap of the top 55 consumer stocks in our sample was up Rs 1.63 trillion, retail lenders saw their market cap rise by Rs 1.3 trillion, and the total market cap was up by Rs 3.15 trillion.   

The top stocks from sectors such as