5 worst performing stocks in the Nifty 100 in 2024
Subscribe to enjoy similar stories. “The market is a pendulum that forever swings between unsustainable optimism and unjustified pessimism," said Benjamin Graham The Nifty 100 is a benchmark stock market index in India that tracks the performance of the top 100 companies listed on the National Stock Exchange (NSE). It is a broader index compared to the Nifty 50 and represents the combined performance of the Nifty 50 and Nifty Next 50 stocks.
The companies included in the index are leaders across various sectors including financial services, IT, consumer goods, healthcare, energy, and industrials. In 2024, the Nifty 100 index exhibited a modest performance. The index moved from 21,934.7 on 1 January 2024 to 24,495.6 on 31 December 2024, reflecting an increase of 11.7%.
This growth was fueled by foreign investors turning net buyers in November 2024 after a period of record selling, boosting liquidity. Political stability, India's higher weighting in the MSCI All-Country World Index, and rising domestic investments bolstered investor confidence. Strong sector performance in real estate, pharmaceuticals, and energy also contributed to the gains.
However, a few sectors like banking, fast-moving consumer goods (FMCG), and metals sectors underperformed compared to others. Thus, we applied a screener to identify the biggest wealth destroyers from the Nifty 100 index. These are not stock recommendations.
Investors should do their own research and do due diligence before considering any investment in the stock market. Also, investors should pay close attention to corporate governance while performing their due diligence. So, let’s look at the five worst-performing stocks in the Nifty 100 in 2024.
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