Financial markets wrapped up FY24 on a strong note with the domestic equity indices Nifty 50 and Sensex achieving their most robust performance in three fiscal years.
The 30-share Sensex surged by 24.85% over the last 12 months, while the Nifty 50 demonstrated an impressive gain of nearly 29%, showcasing a blend of volatility and resilient recoveries. Investors experienced substantial returns during this period, with the indices accumulating approximately 27-31% return on investment between April 2023 and March 2024.
The Bajaj Group firm emerged as the top-performing large cap on the Nifty 50 in FY24, delivering an exceptional return of 142.52% on investments made over the past 12 months. The auto major also witnessed significant market cap growth, soaring up to 120% to reach Rs 2,54,000 crore as of April 1, 2024.