Share Market Return in FY24: The financial year 2023-24 is going to end. The last trading day of this financial year in the stock market was on Thursday. Today the market is closed due to Good Friday. In this financial year, the stock market has broken records in giving returns to investors. The wealth of Indian investors increased by $ 1.6 trillion or Rs 132 lakh crore in the financial year 2024. Between April 2023 and March 2024, the market capitalization (m-Cap) of Bombay Stock Exchange increased from Rs 262 lakh crore to Rs 394 lakh crore. This return was achieved in the market at a time when there were challenges like geopolitical tension, high interest rates and increase in crude oil prices. This is the biggest annual jump in the market cap of India’s stock market.
Sensex jumped 25%, Nifty rose 29%
There has been a rise of 25 percent in Sensex in the financial year 2023-24. Whereas a jump of 29 percent has been recorded in Nifty. Among sectoral indices, real estate rose by 129 per cent, utilities by 93 per cent and power by 86 per cent. The least increase was in Bankex at 16 percent, FMCG at 17 percent and Financial Services at 22 percent. Despite all the challenges in this financial year, foreign portfolio investors have made a net investment of Rs 2.1 lakh crore in the Indian stock market. This is the second highest annual inflow after the investment of Rs 2.7 lakh crore in FY 2021.
110 shares increased more than double
110 stocks of BSE 500 index have more than doubled in FY 2024. Of these 110 shares, about one-third or 34 shares belong to PSU companies. There are 4 companies of Tata Group – Tata Motors, Tata Power Company, Trent and Tata Investment Corporation. Adani Group owns three shares – Adani Power, Adani Ports and Adani Green Energy. Among BSE 500 stocks, the biggest gain was recorded in Indian Railway Finance Corporation. This stock rose 439 percent during this period. Whereas Suzlon Energy rose 411 percent this year. Shares of HUDCO, MRPL, Jupiter Wagons and Kalyan Jewelers have jumped by 300 to 340 percent. At the same time, a total of 13 shares saw a rise of between 200 to 299 percent.
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