A report by Motilal Oswa Private Wealth (MOPW) said the number of stocks delivering positive returns in the Nifty500 universe declined from 452 in Q1FY24 to 268 in Q4FY24.
The report said that in the last quarter, January-March 2024, 70 per cent of the large-cap universe earned positive returns, while 57 per cent of midcaps and 45 per cent of small caps delivered positive returns.
Rotation is also being seen in the performance of the sector. Finance (non-bank), Auto, Healthcare which had been a laggard for most of FY2014, have been among the top performers in the last quarter, while Power & Infrastructure, which dominated the rally, have started to lag .
The Nifty rose nearly 11 per cent from December to March, while the media return of the top 250 small caps was just 3.8 per cent. In fact, 34 percent of the top 500 companies and 42 percent of the small caps delivered negative absolute returns during this period.
“This divergence between Nifty and broader markets can be attributed to factors such as attractive relative valuations of large caps following small and mid-cap rally, regulatory concerns over potential overheating and resumption of FII flows in favor of large caps,” the report said. Can be held responsible." Said.
Over the past five years, India's capital markets have seen strong participation from domestic retail savers, with demat accounts growing from 36 million in March 2019 to 15 million in March 2024. India Inc has raised $92. Billions of rupees were raised through primary markets during this period.
Expectations of political continuity bode well for market sentiment. The report said corporate earnings growth may moderate compared to the pace seen in the past few years, but is expected to remain stable given the strong health of Indie Inc's balance sheet and the ongoing capital expenditure cycle .
The report said that in the last quarter, January-March 2024, 70 per cent of the large-cap universe earned positive returns, while 57 per cent of midcaps and 45 per cent of small caps delivered positive returns.
Rotation is also being seen in the performance of the sector. Finance (non-bank), Auto, Healthcare which had been a laggard for most of FY2014, have been among the top performers in the last quarter, while Power & Infrastructure, which dominated the rally, have started to lag .
The Nifty rose nearly 11 per cent from December to March, while the media return of the top 250 small caps was just 3.8 per cent. In fact, 34 percent of the top 500 companies and 42 percent of the small caps delivered negative absolute returns during this period.
“This divergence between Nifty and broader markets can be attributed to factors such as attractive relative valuations of large caps following small and mid-cap rally, regulatory concerns over potential overheating and resumption of FII flows in favor of large caps,” the report said. Can be held responsible." Said.
Over the past five years, India's capital markets have seen strong participation from domestic retail savers, with demat accounts growing from 36 million in March 2019 to 15 million in March 2024. India Inc has raised $92. Billions of rupees were raised through primary markets during this period.
Expectations of political continuity bode well for market sentiment. The report said corporate earnings growth may moderate compared to the pace seen in the past few years, but is expected to remain stable given the strong health of Indie Inc's balance sheet and the ongoing capital expenditure cycle .
