New Delhi, April 5 (IANS) – According to Motilal Oswal Asset Management Company, the realty sector sectoral index saw a remarkable 132.5 per cent return in FY24, making it the top-performing sector of the year. The auto sector surged by 4.9 per cent in March, while the IT index declined by 7.5 per cent.
The Nifty Next 50 continued its streak as the top performer with a 2.8 per cent growth. It showed consistent growth in the last 3 Months, 6 Months, and 1 year at 13.65 per cent, 34.61 per cent, and 60.39 per cent respectively. Nifty Smallcap 250 and Nifty Microcap 250 indices also saw growth over the past year.
The Financial Services, Consumer Discretionary, and industrial sectors were the top three contributors to the overall returns of the Nifty 500, resulting in a positive impact of 1.1 per cent. Crude oil prices surged by 6.3 per cent in March, attributed to Ukraine’s drone attack on Russian refineries and extended production cuts by OPEC.
During March 2024, the yellow metal reached a new all-time high with an 8.1 per cent rise. In FY24, Bitcoin rose by 150.2 per cent and Ethereum by 100 per cent, highlighting significant growth in the cryptocurrency market, as per Motilal Oswal Asset Management Company’s research report.
