Bharat Salokhe, Director, Akshay Profit & Wealth Pvt. Ltd.
The first Monthly Expiry of major indices (Sensex and Nifty) for the financial year 2024-25 took place on Thursday, April 25. Monday 29th and Tuesday 30th April are two more days of trading this month. But a monthly review of the market till Friday April 26 shows that Nifty is up 1.34 percent, Sensex is up 1 percent and Nifty Bank is currently up 3 percent. A few days ago, despite the Sebi chief warning of a bubble in small-cap and mid-cap shares, the mid-cap index rose by nearly six percent, while the small-cap index rose by 12.5 percent.
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This boom in the month of April is also a special one. The seven-phase Lok Sabha elections are underway. The results will be announced on June 4 after the counting of votes. Despite this, instead of experiencing fluctuations in the market, there is a boom. Perhaps as the counting of votes draws nearer, uncertainty in the market will also increase.
Another feature of the bullish trend in the month of April is that all the Sectoral Indices except the Nifty IT Index were also bullish. Indices Nifty PSE, Nifty CPSE, NIfty Realty, Nifty PSU Rank contributed to the market rally. But this month's superstar is Chalashiun Ashinrashra Lapvashu with more than 13 percent. Not only this, shares of as many as 11 of the total 15 companies in the index are at the 52-percentage point level. These 11 stocks have given investors more than 150 percent returns in one year. Kalpav Urishi has given the highest return during the year. 300 percent return in one year from Rs. 98 this share today is Rs. 391 is trending.
Like Nifty Metal, the Nifty PSE index, which includes government companies, has returned 113 per cent in the past one year. Along these lines, The matic funds with RSE theme are in the market. Check out their performance from last year.
SBI PSU Fund 97%
ABSL PSU Equity Fund 97.17%
Invesco India ASU Equity Fund 87.45%
ICICI Pry PSU Equity Fund 83.43%
You don't have to make money in the stock market. It is important to just identify the market trends and exercise patience by investing in large instruments accordingly.
Four new indices have been established for trading in CHDA Futures and Options from 8th April 2024. They are as follows.
1) Nifty Tata Group 25% Cap Index
2) Nifty 500 Multicap India Manufacturing 50:30:20 Index
3) Nifty 500 Multicap Infrastructure 50:30:20 Index
4) Nifty Midsmall Healthcare Index
With the establishment of this new index, NSE has changed the lot size of three indices to Rs 30 and accordingly the lot size of Nifty 50 has been reduced from 50 to 25, Nifty Financial Services from 50 to 25 and Nifty Mid Cap Select from 75 to 50. This change has been implemented from April 26.
Now about the upcoming May market
As mentioned at the beginning, the market was bullish in the month of April despite the election hype; But as the June 4 election result date approaches, market uncertainty will increase. So long term to medium term investment is better done after results. Traders should also avoid very large and risky traders because capital protection is ultimately important.
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