Motilal Oswal Asset Management Company says that in FY 2023-24, the realty sector index grew with a remarkable 132.5 per cent return, securing its position as the top performing sector of the year. The auto sector continued its upward trend and led as the top performing sector in March with a rise of 4.9 per cent, while the IT index saw a decline of 7.5 per cent, marking it as the worst performer. Is.
Seen a steady increase
According to the news, Nifty Next 50 has continued its trend as the top performer with a rise of 2.8 percent. The index has seen a steady growth of 13.65 percent, 34.61 percent and 60.39 percent during the last 3 months, 6 months and 1 year respectively. Nifty Smallcap 250 and Nifty Microcap 250 indices have shown growth of 85.12 per cent and 63.07 per cent respectively in the last year. According to IANS news, however, Motilal Oswal Asset Management Company says that for March 2024, these indices saw a change of -4.24 percent and -6.22 percent respectively.
Crude oil prices increased for the third consecutive month
Financial services, consumer discretionary and industrials were the top three contributors to the total returns of the Nifty 500, resulting in a positive impact of 1.1 per cent. Crude oil prices rose for the third consecutive month, climbing 6.3 percent in March. The recent surge has been caused by Ukraine’s drone attacks on Russian refineries and extended production cuts by OPEC.
The yellow metal reached a new all-time high in March 2024 and saw an increase of 8.1 percent. The research states that Bitcoin increased by 150.2 percent and Ethereum increased by 100 percent in FY 2024, indicating significant growth in the cryptocurrency market.
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