Markets Overview

Nifty remained relatively flat throughout the week, with no significant movement observed over the past four sessions. However, it is worth noting that the index has not experienced any major declines either. Despite a few days of FII selling, the index is holding strong and is approaching its all-time high close. This indicates a positive and strong chart, suggesting that we may challenge the previous all-time high in the coming weeks.

Sectoral Overview

Real estate continues to perform exceptionally well. As we know, real estate cycles run for a long time and with great intensity. In the current financial year, the Real Estate index has surged by a staggering 81.5% in just eight months. Additionally, metals and pharma sectors have also shown positive performance, with gains of 1% and 1.5% in the current week respectively. Energy, autos, and public sector enterprises have experienced marginal increases as well. On the other hand, FMCG and PSU banks have seen a decline of 0.3% and 1.7%, respectively on a previous week basis.

Looking at the sectoral momentum table, we can observe that certain sectors are gaining traction while others are losing favor. Autos and consumption stocks have seen a sudden rise in momentum. Simultaneously, public sector enterprise stocks have started to lose popularity. Gold is making a comeback, while pharma remains in the top five or six sectors in terms of momentum. However, real estate continues to dominate as the top-performing sector.

Benchmark Indices Overview

In terms of benchmark indices, the mid and small-cap 400 index saw a marginal gain of 0.4% this week. Nifty 50, CNX 200 and CNX 500 indices all witnessed a 0.3% and 0.2% increase, respectively. Meanwhile, the Nifty Next 50 index experienced the biggest loss of -0.5%. Among these indices, the small-cap 250 index performed the best, showing a significant gain of 47.8% in the financial year. Mid and small-cap indices demonstrated robust performances, with gains of 41.3% and 47.8%, respectively, for the financial year.

WeekendInvesting Overview

Some of the WeekendInvesting strategies did decently to stay in line with their respective benchmarks while the rest marginally underperformed. Mi 20 continues to remain robust with an exceptional 81% gains in the current FY 2024 followed by HNI Wealth Builder & Mi 35 at 63% gains each. It has been a remarkable year so far for almost all strategies barring Mi ST ATH which has lagged a bit.

Rebalance Update for the Week

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