Nifty 50 Stocks Shine in FY 2023/24: Here are the top performers of the Year!

As the curtains draw on the financial year 2023/24, the stock market indices have exceeded expectations, with the Sensex and Nifty boasting robust gains. The Sensex surged by 28.6%, while the Nifty experienced a notable climb of 24.8%, outstripping the performance of many other major indices. Notably, the Nifty mid and smallcap indices emerged as the frontrunners in terms of gains.

In the realm of the Nifty 50, certain stocks have truly shone. Among the top performers in the last financial year were Tata Motors (up by 136.42%), Bajaj Auto (up by 134.28%), Adani Ports (up by 112.53%), Coal India (up by 103.14%), and Hero Motocorp (up by 101.42%).

Conversely, some stocks in the Nifty 50 index didn’t fare as well, experiencing negative returns. Notable among these were HDFC Bank (down by 10.10%) and Hindustan Unilever (down by 11.16%).

(Source: Nifty Heatmap)

Turning to index performance, several sectors stood out in the fiscal year. Notable gainers included the Nifty Realty index (up by 132.52%), Nifty PSE (up by 103.89%), Nifty PSU Bank (up by 88.56%), and Nifty Auto (up by 74.94%).

Looking ahead to the financial year 2024-25, market observers anticipate heightened volatility due to the upcoming elections. It remains uncertain whether the market will surpass the previous year’s performance, given the potential political turbulence.

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