FY24 market review

[ad_1] Market experts highlighted that there was a rampage in corporate earnings growth, with the 23-24 per cent year-on-year (YoY) earnings per share (EPS) forecast for the Nifty 50 index. Investors became richer by ₹128.77 lakh crore in FY24, driven by strong macroeconomic fundamentals of the Indian economy, increased foreign capital inflows and promising corporate growth earnings. Large caps recorded a hefty 33 per cent return in FY24, midcaps…

[ad_1] This performance is particularly noteworthy given the pressure PSU stocks faced before embarking on their bullish momentum in 2020. The BSE PSU index, a barometer of public sector enterprises’ performance, zoomed from 9,497 points to 18,274 points, translating into a stellar gain of 92.4%.  The government’s accelerated capex spending, coupled with sector-specific reasons, has helped PSU stocks achieve record gains in FY24. In the recent interim budget (FY24-25),…

[ad_1] In the Nifty500 index, 120 stocks have given multibagger returns in FY24, which means at least 100 percent gains. Meanwhile, just 51 stocks (10 percent) from the index were in the red in the current financial year. Top Gainers BSE was the top gainer in the Nifty500 index, soaring 521 percent, followed by IRFC and Suzlon Energy, which skyrocketed 462 percent and 444 percent, respectively. HUDCO, MRPL, Cochin…