Rising Nifty and Sensex

02 JAN,2024 | MEDC


An above-average performance in the large-cap space drove the Nifty and the Sensex to new highs this week. The Nifty and the Sensex have now clocked annual returns of 19.6% and 18.4% respectively. It is the last two months of this year that accounted for the bulk of this rise due to heavy foreign portfolio investment (FPI) inflows. Retail investors, who buy directly, also chipped in with Rs. 8,700 crore from April to November 2023. Index funds are now an attractive investment proposition. Apart from the odd days of underperformance, mid and small-caps have also fared remarkably well. This positive sentiment needs to continue in the new year, and beyond.

 

 

 

 

 

Photo Credit - Google

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