There may still be one day left for the end of the current financial year, but for the stock market it has already ended two days ago. The last trading in the market in the current financial year took place on Thursday, March 28. Now the market will open on 1st April i.e. the first day of the new financial year. The current financial year has been great for the domestic stock market. The financial year has been a spectacular rally especially for small cap indices.
Sensex-Nifty surged like this
On the last trading day of the financial year, BSE Sensex was 639.16 points (0.88 Percent) jumped and closed at 73,635.48 points. Nifty stood at 22,326.90 points with a rise of 203.25 points (0.92 percent). In the entire financial year, both the major indices registered a growth of about 25-25 percent. During the year, Sensex made a new high of 74,245 points and Nifty made a new high of 22,526 points.
Major indices gave double returns
The rise of major indices was excellent, but the mid cap And small caps beat them by a huge margin. During the entire financial year, BSE Mid Cap Index gained 15,013.95 points or 62.38 percent. Whereas BSE Small Cap Index gained 16,068.99 points or 59.60 percent during the current financial year. On the other hand, during this period, BSE Sensex registered a rise of 24.82 percent and NSE Nifty50 registered a rise of 28.61 percent. This means that during the current financial year, the rally of small caps was more than double that of major indices.
Mid and small caps made these records
FY 2023- Like major indices like Sensex and Nifty, mid cap and small cap indices also continuously created new records during 24. The BSE Mid Cap Index, which started the financial year at the level of 23,881.79 points, reached a new peak level of 40,282.49 points on 8 February 2024 during the financial year. Similarly, the BSE Small Cap Index started at a level of 26,692.09 points and reached an all-time high of 46,821.39 points on February 7, 2024.
Only the last month has not been good
Complete Finance Only the last month of the year i.e. March 2024 proved to be somewhat bad for small caps. Small cap index declined by 4.55 percent in the month of March 2024. Mid cap index also closed with loss. Many reasons were simultaneously responsible for this. SEBI chief's statement that there is a bubble in mid and small caps was especially heavy on small stocks. Apart from this, pressure of profit booking was also seen at high valuation.
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