Nifty MNC Index (CNXMNC): Price, Key Stocks, and Market Drivers
The Nifty MNC Index (Ticker: NIFTYMNC or CNXMNC) is a thematic index on the National Stock Exchange (NSE) that tracks the performance of Multinational Corporations (MNCs) listed in India. It includes companies where the foreign promoter shareholding is over 50% and/or management control is vested in the foreign parent company.
Nifty MNC Index Live Price and Snapshot
The index ended the trading session today with a strong performance, reflecting positive sentiment in capital goods and auto stocks, which are key components of the index.
| Metric |
Value (As of Nov 26, 2025, 3:45 PM IST Close) |
Change |
| Closing Value |
30,310.75 (Approx.) |
+387.05 points (+1.29%) |
| Previous Close |
29,923.70 |
- |
| Day's Range (Low - High) |
29,956.65 - 30,332.50 |
- |
| 52 Week High / Low |
30,697.55 / 23,981.05 |
- |
| P/E Ratio (TTM) |
≈36.2 |
- |
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The index showed strong market breadth today, with 26 stocks advancing versus only 3 declining, indicating broad-based buying interest across the MNC space.
Nifty MNC Share Price: Performance & Returns
The index has provided robust returns over the long term, showcasing the relative stability and strong governance often associated with MNCs.
| Period |
Absolute Return (Approximate) |
Key Observation |
| 1 Day |
≈+1.29% |
Outperformed the benchmark Nifty 50 today. |
| 1 Year |
≈+6.17% |
Healthy one-year returns, despite recent market volatility. |
| 5 Years (CAGR) |
≈+15.4% |
Demonstrates strong, compounded growth for long-term investors. |
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Nifty MNC Stocks List (Top Constituents)
The index is composed of 30 companies and is widely diversified across sectors like FMCG, Auto, and Capital Goods. The top stocks have a cap of 10% weightage at the time of rebalancing.
| Company Name |
Ticker Symbol |
Key Sector |
Approximate Weightage* |
Today's Price Change (Approx.) |
| Hindustan Unilever Ltd |
HINDUNILVR |
FMCG |
≈16.47% |
≈+0.42% |
| Maruti Suzuki India Ltd |
MARUTI |
Automobile |
≈14.70% |
≈+1.68% |
| Nestle India Ltd |
NESTLEIND |
FMCG |
≈7.14% |
≈+1.39% |
| Vedanta Ltd |
VEDL |
Metals & Mining |
≈5.78% |
≈+2.31% |
| Britannia Industries Ltd |
BRITANNIA |
FMCG |
≈4.10% |
≈+0.43% |
| Cummins India Ltd |
CUMMINSIND |
Capital Goods |
≈3.53% |
≈+2.25% |
| Siemens Ltd |
SIEMENS |
Capital Goods |
≈3.41% |
≈+4.33% |
| ABB India Ltd |
ABB |
Capital Goods |
≈3.18% |
≈+2.50% |
| Bosch Ltd |
BOSCH |
Auto Ancillaries |
≈3.11% |
≈+2.00% |
| United Spirits Ltd |
UNITDSPRIT |
Alcoholic Beverages |
≈3.05% |
≈+2.03% |
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Key Drivers for MNC Index Performance
-
Sectoral Diversity: Unlike indices focused on a single sector (like Nifty IT), the Nifty MNC is diversified, with FMCG and Capital Goods being the largest sectors. Performance relies heavily on domestic consumption trends and industrial demand.
-
Rupee Movement (USD/INR): As many MNCs are importers of raw materials or exporters of finished goods, currency fluctuations directly impact their profitability. A strong Indian Rupee generally helps companies that import raw materials (like FMCG and Auto) as their costs decrease.
-
Global Parent's Strategy: The performance is also linked to the global strategy of the parent companies. MNCs tend to have superior corporate governance and technology adoption, making them less susceptible to purely domestic market risks.
-
P/E Valuation: At a P/E Ratio of approximately 36.2, the Nifty MNC Index is considered to be trading at a premium compared to the broader Nifty 50 (whose P/E is typically lower), reflecting the market's willingness to pay more for the perceived stability, brand value, and high Return on Equity (ROE) of these companies.