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FY24 was an interesting year with strong gains across markets caps and sectors. While the Nifty 50 Index was up 29%, the Midcap Index was up 60%, the Smallcap Index was up 70%, Nifty 500 Index was up 39%.
So, looking at the broader outlook, we are still holding our bullish view and we believe that this rally can extend for Nifty.
No significant change is expected in the RBI's policy outcome today. The RBI will likely begin the rate-cut cycle in the latter part of H1FY25, says Chadawar
According to Axis Securities, cement demand remains positive as we conclude FY24, driven by pre-election spending, ongoing government emphasis on infrastructure development, and sustained real estate activity. Moreover, the higher budgetary allocation to infrastructure and construction in the interim budget 2024-25 is expected to sustain demand momentum into FY25.
This figure marks a notable increase from FY23 and FY22, with 48 firms achieving a market capitalisation exceeding Rs 1 lakh crore each year. In FY21, the count stood at merely 36. Contrastingly, FY20 saw 19 such firms, a decrease from FY19 and FY18 when 29 and 27 listed companies reached this milestone, respectively