Stock Market Outlook For 2023: There was a jump of 36% in PSU Bank in the last 12 months.

Stock Market Updates: The financial year 2023 has been important in many ways.

A year when the Ukraine-Russia war had a great impact on the global markets.

A year in which inflation broke the record of many years.

A year in which central banks around the world raised rates continuously.

FY23 was also the year when it also saw the stock market making an all-time high.

Friday was the last trading day of FY23.

On Friday, the stock market played a fiery innings.

On the basis of banking-financial and IT stocks, the stock market showed a great growth on the last day of FY23.

The Sensex climbed 1.78% and closed at 58,991.

At the same time, the Nifty closed at 17,359 with a gain of 1.63%.

However, if we look at the record of 1 year, the Sensex rose only 0.72%.

At the same time, the Nifty fell 0.6%.

These are the top performing stocks of FY2023

These Sensex companies showed maximum growth in the last financial year.

ITC jumped 52.89% in FY23.

Mahindra & Mahindra, NTPC, HUL and L&T also cemented their place in the top performers category.

Wipro performed the weakest in this financial year.

The stock lost 38% in FY23.

Hindalco 26%, Bajaj Finserv 26%, Infosys broke up to 25%.

In Nifty too, ITC, Mahindra & Mahindra, Britannia, NTPC and HUL made investors a lot of money.

These sectors did well in FY23?

PSU Bank played stoutly in the entire financial year.

There was a jump of 36% in PSU bank in 12 months.

FMCG also did not disappoint the investors and the sector gained 26%.

Media sold 28%.

At the same time, global troubles affected IT and the sector lost 21%.

Nifty Bank gained 11.6% in FY23. Bank of Baroda, IDFC First, Federal Bank, Punjab National Bank and ICICI Bank strengthened Nifty Bank.

Midcaps improved and smallcaps drowned investors' money

If we look at Nifty Midcap 100, it has outperformed Sensex and Nifty by rising 1.15% this financial year.

At the same time, the Smallcap 100 disappointed the investors and lost around 14%.

These stocks climbed in the Midcap 100 index

Indian Bank outperformed all stocks in the Nifty Midcap100 index till Friday's market close, gaining 87% in 12 months.

At the same time, TVS Motor had a strength of 72%.

Tata Teleservices troubled investors and closed down by about 66%.

These stocks of Smallcap 100 remained at the forefront

Mazagon Dock Shipbuilders climbed 176% in a year.

Whereas, Karur Vysya Bank jumped 125%.

RVNL climbed 110% and UCO Bank closed 105% stronger.

Piramal Pharma closed down about 64% in a year.

With this, Tanla Platforms lost 66% and Brightcom Group declined the most by 85%.

How was the performance of the Indian market in the Global Index?

If we look at the overall global market, then from April 2022 to March 2023, the Indian stock market performed better than normal.

Where Hong Kong's Hang Seng lost 7%, America's Dow Jones lost 5% and Australia's S&P/ASX200 lost 4%.

At the same time, the European market performed better than the Indian markets.

France's CAC rose 9.7%, UK's FTSE rose 1.65%.

Japan's Nikkei also gained 0.79%.

Rupee weakens against dollar this financial year

According to Bloomberg data, the rupee depreciated by Rs 6.39 against the US dollar in 1 year.

Where 1 US dollar was worth Rs 75.79 on 1 April 2022, the same 1 US dollar became Rs 82.18 on 31 March 2023.

The rupee depreciated by 8.44% against the US dollar during the year.

The spot price of gold rose by 2.19%.

Gold from $1,937.44/oz last year has become $1,980/oz today.

At the same time, Brent crude lost 26.2% in a year.

It was $ 107.9 / barrel in April 2022, which became $ 79.57 / barrel in March 2023.

How will be the course of FY24?

With the ongoing problems in the banking sector of US and Europe and the decreasing inflation since last few months, it has to be seen how the first 6 months of FY24 are.

- Srikanth Subramaniam, CEO, Kotak Cherry

Srikanth Subramaniam, CEO of Kotak Cherry, says that, at present, the regional banks of America are facing a lack of trust.

As far as market experts are predicting, the market will remain volatile in FY24. According to Subramaniam, the first half of the financial year will be very interesting, how the policymakers of America and Europe support the financial system during this period.

He says that interest rates have reached their highest level, in such a situation, bonds are the best option at this time to take advantage of the high yield.

Overall, the conditions are still highly uncertain, as it is difficult to predict what the global macro conditions will be like.

Subramaniam says, "Investors should keep investing through SIP so that they can take advantage of the ongoing volatility in the market".

(This news has not been edited by NDTV team. It is published from BQ PRIME.)