According to reports from ET Now, commodities have emerged as clear winners over equities in recent market conditions. While the BSE Sensex declined by nearly 3% and the Nifty 50 saw a marginal drop of around 0.5% over the past year, commodities delivered exceptional returns. The data shows that even the worst-performing commodity, copper, outperformed equities during this period, highlighting the relative strength of the asset class in volatile market environments.
As reported by ET Now, the performance data reveals strong bullish trends across commodities. Silver delivered exceptional gains of over 400% between 2024 and 2026, while natural gas emerged as a standout performer with gains of over 390%. Even relatively weaker commodities like copper posted solid double-digit growth, with copper posting gains of 114.69% in 2024-2026. Agricultural commodities also recorded notable gains, with dhaniya and turmeric recording gains of 105.54% and 53.51% respectively, indicating widespread momentum across segments.
According to ET Now, Indian equities have faced significant headwinds over the past year, weighed down by persistent foreign investor outflows driven by global risk-off sentiment and policy uncertainty. The domestic stock market has struggled to gain momentum, with external pressures including elevated oil prices, a weakening rupee, and ongoing geopolitical tensions further amplifying market volatility and dampening investor confidence. Over different time frames, the Sensex declined by 4.6% over three months and Nifty 50 dropped 3.4% during the same period.
As reported by ET Now, Ajay Kedia from Director Kedia Advisory noted that over the last 3-4 years, commodities have quietly delivered exceptional returns even as investor focus remained heavily tilted toward equities. The strong performance has led to a shift in market dynamics, with AMCs increasingly launching multi-asset funds and family offices exploring commodities for alpha generation. Kedia emphasized that this is an ideal time for portfolio rebalancing, as commodities offer diversification and tend to outperform during periods of uncertainty.
According to ET Now, the consistent positive returns across most commodities suggest sustained demand and favourable macro conditions, positioning commodities as a compelling asset class for wealth creation in volatile market environments. The data highlights that investors need not shift away from equities entirely but should consider this as an ideal time for portfolio rebalancing, as commodities offer diversification and tend to outperform during periods of uncertainty. The strong performance across agricultural commodities like turmeric and dhaniya demonstrates the broad-based strength across segments in the current market environment.
