Overview of FY 23-24
Sensex and Nifty50 indices demonstrated significant growth and resilience
2024-06-18
Overview of FY 23-24
In the last financial year (2023-2024), the Sensex and Nifty50 indices demonstrated significant growth and resilience, achieving remarkable milestones.
Sensex Performance: The BSE Sensex exhibited a substantial growth of approximately 24% over the fiscal year. This marked its second-largest rise in the past five years, following an exceptional surge in FY21. The index consistently hit record highs, driven by robust economic growth, favourable corporate earnings, and strong inflows from both domestic and foreign institutional investors. Key contributors to the Sensex's upward trajectory included Tata Motors, which saw a 147.2% increase, and NTPC, with a 95.2% rise.
Nifty50 Performance: The Nifty50 index also experienced a strong performance, increasing by 18.62% over the fiscal year. Noteworthy performers within the Nifty50 included Tata Motors, Bajaj Auto, and Adani Ports, which saw gains of over 100%. However, some stocks like HDFC Bank and Hindustan Unilever underperformed, posting negative returns for the year.
Here's a summary of the performance of major Indian stock indices for the financial year 2023-2024:
| Index | Starting Value (FY 2023-24) | Closing Value (FY 2023-24) | Percentage Change (%) |
| BSE Sensex | 58,000 | 72,000 | 24.14 |
| Nifty 50 | 17,200 | 20,400 | 18.60 |
| Nifty Midcap 50 | 8,500 | 10,400 | 22.35 |
| Nifty SmallCap 100 | 9,500 | 12,400 | 30.53 |
| BSE Realty | 310 | 720 | 132.26 |
| Nifty Bank | 39,000 | 48,000 | 23.08 |
| Nifty IT | 28,000 | 32,000 | 14.29 |
| BSE Auto | 24,000 | 41,000 | 70.83 |
Key Takeaways:
• BSE Realty showed the highest percentage gain, with an impressive increase of 132.26%.
• BSE Auto also demonstrated significant growth, rising by 70.83%.
• The BSE Sensex and Nifty 50 indices increased by 24.14% and 18.60% respectively, reflecting strong performance in the large-cap segment.
• The Nifty SmallCap 100 and Nifty Midcap 50 indices saw substantial gains, indicating a strong rally in the mid and small-cap stocks.These figures highlight a strong year for the Indian stock market across various sectors and capitalization ranges.
Future Outlook: Looking ahead, analysts anticipate that the Sensex and Nifty50 might continue to see new highs in FY2024-2025, supported by attractive valuations and strong investor confidence. However, the upcoming elections in India and potential global economic changes could introduce volatility.
For more detailed analysis and data on the performance of these indices, you can refer to
sources like Business Today,