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  • Anuradha Mishra

Weekly Market Wrap - (week ending 23th December 2023)






" 📈 Market Resilience Continues: Nifty Surpasses 21,300 Mark for Second Consecutive Session ''



In a spirited rally, the market displayed resilience for the second consecutive session on December 22, with the Nifty comfortably above the 21,300 mark. Here's a recap of the day's market movements...

''Nifty Soars Above 21,300: Closing Strong Amidst Market Swings''

In a display of resilience, the market marked its second consecutive session of gains on December 22, with the Nifty holding firm above the significant 21,300 level. Here's a recap of the noteworthy movements:

''🏦 Sectoral Movement ''

  • Diverse Movements: Sectors across the board contributed to the positive momentum, with the exception of the banking sector.

  • Top Performers: Realty, IT, and metal sectors emerged as key contributors to the day's gains.

''Market Indices at a Glance''
  • Sensex: 71,106.96 (+241.86, 0.34%)

  • Nifty 50: 21,394.40 (+94.35, 0.44%)

  • Nifty Bank: 47,491.85 (-348.30, 0.73%)


📈 Stock Performance Highlights of the week :


  • Top Performers: Realty, IT, and metal sectors emerged as frontrunners, contributing significantly to the market's gains.

  • Mixed Cues: While the banking sector lagged, other key sectors traded in sync, reflecting a diverse yet buoyant market sentiment.

"Nifty Surges Above 21,300 for Second Consecutive Day 📊In a resilient market performance on December 22, Nifty extended its winning streak, closing above 21,300 amid widespread sectoral buying, excluding the banking sector. Despite a subdued start, the benchmark rallied, nearing 21,400. Although a mid-day sell-off briefly turned gains negative, final-hour buying propelled indices to close near the day's high. At close, Sensex gained 241.86 points (0.34%) at 71,106.96, and Nifty rose by 94.40 points (0.44%) to 21,349.40.

The market witnessed fluctuations, with a dip in the second half erasing initial gains. However, a surge in final-hour buying bolstered indices, leading to a positive closure.

''Market Rebounds: Sensex Gains . 📊 '' At the closing bell, the Sensex witnessed an uplift of 241.86 points, marking a 0.34% increase, settling at 71,106.96. Simultaneously, the Nifty recorded a positive trend, surging by 94.40 points, equivalent to a 0.44% rise, concluding the session at 21,349.40. The indices showcase resilience and upward momentum in the market.

Conclusion: In conclusion, the past week may have been characterized by sluggish movements, but the resilience displayed by the Nifty 50 and the strategic activities of foreign institutions offer a nuanced perspective. The market's ability to hold key support levels and the ongoing battle at 19,800 underscore the importance of vigilance in the face of consolidation. Investors are advised to stay informed and adapt their strategies as the market dynamics unfold.



















Disclaimer

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.


Market Highlights :


  • Amidst a risk-off sentiment in stock markets, equity mutual fund inflows surged to ₹19,932 crore in October, up from ₹13,857 crore in September, marking the 32nd consecutive month of net inflows. This resilient growth signifies sustained investor confidence in the face of market uncertainties, reflecting a consistent trend in favor of equity mutual funds. Industry experts attribute this surge to investors recognizing opportunities amid market volatility. The data, released by AMFI, underscores the enduring appeal of mutual funds for long-term investors.

  • In recent assessments, large-cap funds have demonstrated stability, delivering an average annual return of 16.15 percent. Mid-cap funds, allocating a minimum of 65 percent of Assets Under Management (AUMs) to large-cap stocks, have outperformed with a robust 30.77 percent return. Small-cap funds, renowned for their volatility, presented the highest average return at 34.29 percent.

  • The market currently anticipates a decline in US rates in 2024. However, if the Federal Reserve holds its ground amidst elevated inflation, a scenario of higher US rates for an extended period may reemerge. This not only impacts the global economic landscape but poses a potential risk of Foreign Institutional Investors (FIIs) withdrawing funds from emerging markets, including India.


Disclaimer: This information is for educational purposes only and should not be considered as financial advice. Invest wisely and consult a financial professional for personalized guidance.



Quote of the week 📢


'' In mutual funds, every rupee invested is a vote of confidence in the future.''


 

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Stay tuned for further updates 🚀 and analysis on the NIFTY index and other market trends 📢. , Happy investing💰!


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