Markets Overview

In terms of market performance, Nifty showed a modest upward trend, although with less confidence compared to the previous bounce. The bounce from the bottom of 18,850 level resulted in a gain of around 400 points to approximately 19,250. This relief rally was driven by indications from the Fed that hiking interest rates would be challenging. Additionally, positive results from sectors like PSU banks and new-age companies like Zomato contributed to the market’s optimism.

Sectoral Overview

This week witnessed a significant momentum in real estate, with a phenomenal 10.4% increase. PSU banks, energy, infrastructure, and commodities also showed positive movement. However, autos, metals, and pharma experienced a dull week.

Realty grabbed the top spot across all timeframes in our sectoral momentum study putting up an outstanding show in the recent past. PSU banks have also done well to stage a comeback after a relatively weaker outing in the last 30 day period. GOLD has slipped to the twelfth rank after a couple of weeks at the top as markets have been on a rise recently. Consumption and Auto seem to have lost momentum in the last 2 weeks Metals, Pharma & Financial Services continue to languish at the bottom.

Benchmark Indices Overview

In terms of specific indices, the Nifty 50, CNX 200, and CNX 500 all registered gains. Small caps and mid and small cap 400 indices performed even better, while the Nifty Next 50 emerged as the top index mover. In the financial sector, small cap 250 and mid and small cap indices saw remarkable gains.

WeekendInvesting Overview

Among WeekendInvesting strategies, HNI Wealth Builder, also known as Mi 50, had a fantastic week, achieving a return of 3.2%. This strategy, which focuses on small and mid-cap stocks, has demonstrated consistent performance and limited drawdowns over the years. Other strategies, such as Mi MT All Cap, Mi NNF 10 and Mi Evergreen, also recorded positive returns.

Rebalance Update for the Week

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