BSE INDEX CDGS (CDGS) live share price today at BSE

The BSE Consumer Discretionary Index represents the companies that form a part of the BSE AllCap and belong to the consumer discretionary goods sector. The BSE Consumer Discretionary Index serves as a benchmark for investors who are willing to invest in the discretionary sector and want to gain long-term profitability and stability. The Index are involved in the production and manufacturing and tracks the performance of the companies involved in this sector.

Consumer Discretionary Goods are those goods that are considered to be luxury or non-essential for some people. If the disposable income of the person is high, then it is easily purchasable by them. If a person has a lower income, then they never consider an Air Conditioner to be an essential good; meanwhile, the person with a higher income will always feel the same as a crucial good. The classification for the BSE Consumer Discretionary Index will be based on the shares available on the stock exchange.   

The BSE Consumer Discretionary Index was launched in 1875 and will be included in the Bombay Stock Exchange, considered Asia’s oldest stock exchange, where 6000 companies are listed and deal with consumer discretionary goods and services. The companies included in the BSE Consumer Discretionary Index are classified as BSE, as they are in the goods and services sectors in the discretionary items.   

• The full market capitalisation of the BSE Consumer Discretionary is ₹7,644,652 crore, and the free-float market capitalisation of the Index is ₹3,436,705 crore.
• The P/E Ratio of the BSE Consumer Discretionary Index is 45.76, the P/B Ratio is 7.61, and the dividend yield is 0.64.
• The method of the BSE Consumer Discretionary Index is based on the free-float market capitalisation, and valuation shall be based on a real-time basis.
• The companies included in the BSE Consumer Discretionary Index are classified as BSE, as they are in the goods and services sectors in the discretionary items.
• The criteria for reviewing the BSE Consumer Discretionary Index shall be every quarter, in March, June, and December, and the index shall be reviewed every year in September.

The primary method for calculating the BSE Consumer Discretionary Index was based on full market capitalisation, in which all shares were included in the index calculation. The shares that the government privately holds, the promoters, and the investors who are restricted from trading the shares were also included in the calculation of the BSE Consumer Discretionary Index, which does not depict an accurate picture of the index. This type of calculation will lead to the misinterpretation of the decision of the BSE Consumer Discretionary Index.

Later, the free-float market capitalisation method was introduced, which excludes privately held shares at the time of calculation. In the calculation of the BSE Discretionary Index only freely tradable shares shall be included. This helps depict an accurate picture of the Index after calculation, making it easier for investors to make informed decisions.  

The formula for the BSE Consumer Discretionary Index = Total free-float market capitalisation * 100 
 

• The BSE Consumer Discretionary Index provides exposure to the growth sector, which typically benefits from rising income and higher consumer spending.
• The consumption sector in India is growing rapidly, as the disposable income of middle-class individuals is increasing quickly, which provides long-term growth opportunities after spending on automobiles, lifestyle products, and leisure services.
• The BSE Discretionary Index provides rules-based, transparent, and easy-to-use guidelines, making it easier for investors to exit and enter at the desired level. With the help of ETFs and index funds, retail investors can gain simple, low-cost exposure.  

• Consumer discretionary stocks are susceptible to economic downturns and impacts on the performance of the index during the recession, and demand for non-essential goods.
• Changes in the GST, fuel prices, auto policies, or import duties affect the factors related to the discretionary space.
• The BSE Consumer Discretionary Index may face declining demand during economic downturns; meanwhile, the consumer staples remain stable during the slowdown in the economy.

Investors can check availability on AMC websites, NSE/BSE sites, or apps, which provide a reliable broking facility, enabling them to select the most profitable and highly growing stocks for their long-term investments. A demat account is necessary if investors want to buy ETFs or constituent stocks, but it is not required if they want to invest through mutual funds and SIPs. If the availability of a direct BSE Consumer Discretionary Index fund is not available, investors can consider mutual funds or ETFs. They also provide direct exposure to investors in the BSE Consumer Discretionary Value Index.  

Investors can replicate the index by purchasing the major stocks that are included in the BSE Consumer Discretionary Value Index. The chance of direct control and the advantage of capital and portfolio management are also necessary.

The BSE Consumer Discretionary Index represents the companies that form a part of the BSE AllCap and belong to the consumer discretionary goods sector. The BSE Consumer Discretionary Index serves as a benchmark for investors who are willing to invest in the discretionary sector and want to gain long-term profitability and stability. Consumer Discretionary Goods are those goods that are considered to be luxury or non-essential for some people. If the disposable income of the person is high, then it is easily purchasable by them. The BSE Consumer Discretionary Index was launched in 1875 and will be included in the Bombay Stock Exchange, considered Asia’s oldest stock exchange, where 6000 companies are listed and deal with consumer discretionary goods and services. 

The criteria for reviewing the BSE Consumer Discretionary Index shall be every quarter, in March, June, and December, and the index shall be reviewed every year in September. The primary method for calculating the BSE Consumer Discretionary Index was based on full market capitalisation, in which all shares were included in the index calculation. The shares that the government privately holds, the promoters, and the investors who are restricted from trading the shares were also included in the calculation of the BSE Consumer Discretionary Index.