Markets Overview

The market experienced a positive week, with a strong recovery observed since 27 Oct 2023. In just a couple of weeks, the market has regained most of the previous fall. The market ended the week close to 1900 points, and the charts indicate a very positive outlook with potential new highs on the horizon.

Sectoral Overview

Sector-wise, the IT sector was leading the pack with a 5% increase in value. Real estate stocks also saw significant gains, up by 4.6% for the week. Financial and auto sectors showed positive growth, with a 3.8% increase. Public sector enterprise stocks also performed well with a 3.2% gain. On the other hand, Bank Nifty and private banks were in the red, with PSU banks managing a modest 0.8% increase.

Real Estate has firmly held on to the top spot with an outrageous run this year. PSE has also been occupying the top spots consistently. PHARMA & IT have done a solid job in the past 10 days to post good recovery while GOLD has slipped to the last spot in the last 10 days further to a strong uptrend in the markets. BANKS and Financial services took a beating occupying the last spots following RBIs tightening of norms for unsecured lending.

Benchmark Indices Overview

Looking at the benchmark indices, the smallcap 250 index showed the highest gains with a 3.4% increase. The Mid-small 400 Index also performed well, up nearly 3%. Nifty Next 50 index experienced a 2.4% increase, while the CNX 500 and CNX 200 indices saw a 2% gain. Overall, the Nifty has moved up by 13.7% in this financial year, with CNX 200 up by 18%.

WeekendInvesting Overview

Among the strategies, the Mi MT Allcap had a phenomenal week, gaining 6.6%. It has shown remarkable growth this year, with a 45.6% increase compared to its benchmark at nearly 20%. Mi ST ATH and Mi 20 also performed well, with gains of 6.1% and 5.5%, respectively. HNI Wealth Builder and Mi 35 also showed positive growth.

It is important to note that strategies may experience periods of underperformance or consolidation, but they are designed to bounce back strongly. The MI India Top 10, Mi Evergreen, and Mi NNF 10 all had impressive gains this year, outperforming their respective benchmarks.

Rebalance Update for the Week

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