Have you missed 11.9% CAGR on your hedge

You Can't Ignore This Index!

The Nifty Junior Index has surged in popularity over the past few months, particularly since the rally that began at the end of October 2023. This index stands out for delivering Smallcap-like performance while being composed of high-quality large cap stocks.

From October 26, 2023, to June 6, 2024—a span of seven months—Nifty Junior has delivered an impressive 59% gain, outpacing other indices by a significant margin.

Why is this index so compelling?

High-Performing Mid Caps: The strongest mid cap stocks graduate to the Nifty Junior due to their stellar performances, bringing alpha potential with them.

Sustained Outperformance: These stocks often continue their impressive runs within the Nifty Junior, maintaining robust growth potential.

Graduation to Nifty 50: The best performers from Nifty Junior eventually move up to the Nifty 50, where the dynamics shift entirely.

The exceptional alpha generation and solid performance of the Nifty Junior make it an essential addition for anyone looking to diversify and enhance their portfolio.

Today’s Daily Byte

In today’s market, IT stocks took a break after a strong rally over the past few sessions. Key stocks like Infosys, Tech Mahindra, and TCS saw declines, indicating a corrective phase rather than a trend reversal. This could present a buying opportunity for investors looking to enter the IT sector. Some small and mid-cap IT stocks, like Datamatics, have also shown strong performance.

Overall, the market remains optimistic, looking ahead to the budget and potential changes in capital gains tax, while maintaining a positive outlook on sectors like IT, real estate, and aviation.

Reading Time : 4 Minutes

Have you missed 11.9% CAGR on your hedge

Gold has shown remarkable performance over the last 24 years. In US dollar terms, gold has a compound annual growth rate (CAGR) of 8.9%. This strong performance is consistent across various currencies: 8.6% in euros, 10% in British pounds, 8.9% in Australian dollars, 8.7% in Canadian dollars, 8.3% in Chinese yuan, 10.9% in Japanese yen, 6.4% in Swiss francs, and 11.9% in Indian rupees.

These figures highlight gold as an asset class that investors should not ignore.. . . . .

Reading Time : 4 Minutes

NVIDIA the Juggernaut

Nvidia Corp is a name everyone is talking about right now. This stock has been the fastest-growing one in the US. Just recently, Nvidia crossed the $1,200 mark, pushing its market cap to an astounding $3 trillion. It is now the second-largest market cap company in the world, right behind Microsoft and ahead of Apple.

Nvidia’s market cap increased by $1.8 trillion just this year. To put that into perspective, this increase is more than half the size of India’s entire market cap. . . . .

Reading Time : 3 Minutes