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The Charted Successes and Milestones that Defined India's Stock Markets in 2023.
Indian Markets Soar 20% in 2023, Marking Eighth Consecutive Year of Growth!
The Nifty 50 concluded the year with a 20% increase, extending its streak of positive returns to eight consecutive years since 2015. This positions 2023 as the fourth most successful year for the index in the past decade.
Majority Of Nifty 50 Gains In 2023
Tata Motors Ltd. stole the spotlight by becoming the only Nifty 50 constituent to double its value in 2023, achieving this feat on the year's final trading day. Other notable gainers included Bajaj Auto Ltd., NTPC Ltd., Larsen & Toubro Ltd., and Coal India Ltd.
NTPC and Coal India rode the PSU sector rally on the back of increased power demand, marking their strongest calendar-year performance. Of the Nifty 50 stocks, 48 ended the year positively. However, UPL Ltd. and Adani Enterprises Ltd. closed the year with 18% and 26% losses, respectively. The chemical space was a tough year due to excessive dumping from China and de-stock.
Top Gainers and Laggards On Nifty 50
Broader Markets See Strong Momentum
The broader markets emerged as key driving forces in 2023. The Midcap 100 and Smallcap 100 indices noted their strongest-ever gains in 2023 after rising for 25 and 14 sessions in a row, respectively.
The Midcap 100 index surged 46%, driven by REC Ltd. and Power Finance Corp., which gained 3.5 and 3.4 times, respectively. Mazagon Dock Shipbuilders Ltd. witnessed a nearly threefold increase in its share price, led by the push for indigenous defense production. Of the Midcap 100 pack, 93 stocks ended in the positive. Aditya Birla Fashion and Retail Ltd., ACC Ltd., and Page Industries Ltd. were the
Top Gainers And Laggards in 2023
Nifty Midcap 100
The Smallcap 100 rose by 55% in 2023. BSE Ltd., with fourfold gains, emerged as the top performer in the pack. Suzlon Energy Ltd. saw a 3.6-fold increase, capitalizing on the thrust for renewable energy.
Top Gainers And Laggards Of 2023
Top Gainers And Laggards Of 2023
Nifty SmallCap 100
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Nifty Realty Top Sectoral Performer, Banks Lag
Sectorwise, Nifty Realty led with an 81% surge, driven by Prestige Estates Projects Ltd., DLF Ltd., and Brigade Enterprises Ltd. Nifty Auto and Nifty Pharma also performed well, growing by over 47% and 32%, respectively. The auto sector gained due to steady demand, a softening of commodity prices, and favorable policy changes this year.
However, sectors like Nifty Bank, Nifty Oil and Gas, and Nifty Financial Services experienced more modest gains of 11%, 12%, and 12%, respectively.
Laggards in these sectors included Bandhan Bank Ltd., Kotak Mahindra Bank Ltd., Adani Total Gas Ltd., Gujarat Gas Ltd., as well as SBI Cards and Payment Services Ltd.
Nifty SmallCap 100
Nifty Realty Top Sectoral Performer, Banks Lag
Sectorwise, Nifty Realty led with an 81% surge, driven by Prestige Estates Projects Ltd., DLF Ltd., and Brigade Enterprises Ltd. Nifty Auto and Nifty Pharma also performed well, growing by over 47% and 32%, respectively. The auto sector gained due to steady demand, a softening of commodity prices, and favorable policy changes this year.
However, sectors like Nifty Bank, Nifty Oil and Gas, and Nifty Financial Services experienced more modest gains of 11%, 12%, and 12%, respectively.
Laggards in these sectors included Bandhan Bank Ltd., Kotak Mahindra Bank Ltd., Adani Total Gas Ltd., Gujarat Gas Ltd., as well as SBI Cards and Payment Services Ltd.
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