Nifty Zooms 28 pc in FY24: Here’s a List of Top Gainers and Losers As Markets Conclude This Financial Year. Image Source: Canva
Nifty became one of the top performing markets in the world and ended the financial year 2023-24 on a high note this Thursday. The truncated trading week witnessed just three market days with the 2023-24 fiscal concluding on a bullish note with the Thursday’s trading session. Benchmark equity indices Sensex and Nifty rallied for the second straight session on Thursday to end the 2023-24 fiscal on a high note, powered by across-the-board buying amid a bullish trend in global equities. Power, auto and metal stocks witnessed robust demand, even as a depreciating rupee weighed on sentiment.
Nifty – One of Top Performing Market Globally
In the 2023-24 financial year, Sensex jumped 14,659.83 points or 24.85 per cent, while the Nifty soared 4,967.15 points or 28.61 per cent. Mid and small-cap space was the top performer in the April-March period.
Here’s a list of Top Nifty Gainers and Losers in FY24, compiled by ETIG Database and Bloomberg in a ET report.
Gainers
| Nifty Stock | LTP (Rs) | % Change |
| Tata Motors | 993 | 135.9 |
| Bajaj Auto | 9,148 | 135.5 |
| Cola India | 434 | 103.2 |
| Hero Motorcorp | 4,722 | 101.2 |
| NTPC | 336 | 91.8 |
Losers
| Hindustan Unilever | 2264 | -11.6 |
| HDFC Bank | 1448 | -10 |
| Shree Cement | 25,683 | -1.9 |
With a market valuation of more than Rs 30.20 lakh crore, the Tata Group is now the most valuable commercial entity in India thanks to the widespread rally this fiscal year.
In Thursday’s trading session, Bajaj Finserv was the top gainer in the Sensex chart, rising nearly 4 per cent, followed by Nestle, State Bank of India, Power Grid, Tata Steel, Larsen & Toubro and Mahindra & Mahindra. Shares of Bajaj Finance and Bajaj Finserv jumped amid media reports that subsidiary Bajaj Housing Finance was planning to go public.
Nestle, State Bank of India, Power Grid, Tata Steel, Larsen & Toubro and Mahindra & Mahindra were the other major gainers. In contrast, Tech Mahindra, Axis Bank and Reliance Industries were the laggards.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Today Technology Market ResearchDigital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
