Nifty 50 Hits Record-High for 4th Consecutive Month!

The market activity during this week was marked by considerable volatility primarily due to the rebalancing of indices.

Nifty 50 managed to hit an all-time high for the fourth consecutive month. Nifty Smallcap 100 and Nifty Midcap 100 have ended the week higher by 1.4% and 1.6%, respectively, but they've been through tough times this month, witnessing a decline of 4.4% and 0.54%, respectively.

All sectoral indices have seen a rise in FY24, painting a green picture across the board. Major indices ended the week positively, except for Nifty IT which seemed to have missed the party.

Nifty ended the week 1.04% higher at 22,327. Nifty Realty and Nifty PSE surged the most with a gain of 3% and 1.72% respectively.

Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.

Stocks

The below chart presents the returns generated post-stock split in different time frames.

The below chart depicts the performance of stocks over the 1 year after its major block deal.

The chart below shows 10 stocks that entered the 1 lakh crore market cap club in 2024.

Indices

Here’s how the Nifty50 performed in 1st Quarter of every financial year in the last 10 years

The below chart displays the year-to-date performance of Nifty Media and its respective constituents.

The below chart shows how much returns investors can expect after investing in the BSE small-cap sector on 1st day of the financial year.

Here’s a look at the Nifty 50 index before rejig and eligibility criteria for Nifty 50 inclusion!

Economy

The below table illustrates the impact of the MPC meets on the market in FY24. The first MPC meet of FY25 is scheduled from 3-5 April 2024.

Opportunities

ICICIBANK has been trading in the 1,050-1,100 range for the whole month of March. Short covering at 1,100 Strike is likely to drive a fresh leg of the rally in the stock