BSE Sensex rose around 20 per cent in 2023, their second-best year since 2017, and were among the top-performing stock indexes globally. The broader small- and mid-caps gained about 55.62 per cent and 46.57 per cent in 2023, far outperforming the blue-chip indexes despite valuation concerns. The bull run was supported by sustained domestic mutual fund inflows, foreign capital inflows, better-than-expected economic growth, and robust corporate earnings.
D-Street investors added a significant ₹81.90 lakh crore to their wealth in 2023 powered by a stellar rally in stocks. On the last trading session of 2023, the Nifty 50 settled at 21,731.40 and Sensex closed at 72,240.26, snapping their five-day winning streak, on profit-booking in select heavyweights even as the mid and smallcap indices ended with healthy gains. After a five-day winning run, selling pressure emerged in energy, banking and IT counters on Friday, which dragged indices lower, said traders.
Also Read: At 15% upside, Nifty 50 to claim 25,000 by Dec 2024? Here's why analysts are bullish on Indian markets In its derivatives, monthly rollover report, domestic brokerage firm Religare Broking revealed Nifty closed at around 21,780 after Volume weighted average price (VWAP) based buying activity was witnessed in the second half of the day. In its report, Religare highlighted that at 95 per cent, cement and chemicals are the sectors where the highest rollovers were witnessed in the December series. Whereas at 89 per cent, finance is the sector where the lowest rollover was witnessed.
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