Stock market 2024: Another year on track to end with positive returns

2024 is also going to end with positive returns for stock market investors.

• This will be the 9th consecutive year when the market has been successful in giving positive returns.
• However, due to heavy selling in the last three months, this time the market could not show the same shine as last year.

Strong start to the year, but challenging second half

• first half:
  • Sensex and Nifty gave a return of 10.5% in the first half of the calendar year.
• Second quarter:
  • The market witnessed several ups and downs in the second half, leading to lower returns.
• 2024 performance:
  • Nifty and Sensex are trading with a gain of 8% so far this year.
  • This is lower than in 2023, when the market had registered a gain of 20%.

Market breaks old records in 2024

• Nifty crossed the level of 26000:
  • For the first time Nifty was successful in crossing the figure of 26000.
• Sensex at record high:
  • Sensex touched a record high of 85,978.
• Performance of Midcap and Smallcap:
  • Nifty Midcap 100 Index: Returns of 23.20%.
  • Nifty Smallcap 100 Index: Return of 23.60%.

33 companies gave multibagger returns

33 companies of Nifty 500 index proved to be multibaggers for investors this year.

• These companies gave returns ranging from 100% to 320%.
• Top Gainer:
  • GE Vernova T&D India: Amazing returns of 320%.
  • This company also gave a return of 336% in 2023.

Companies giving great returns

example of multibagger demonstration

1. Jyoti CNC Automation:
   • The stock gave returns of more than 300% after listing in January.
2. Kefin Technology:
   • This year gave a return of 197% to investors.
3. other companies:
   • Major stocks like Oracle Financial and Dixon Technology also performed well.