Market Summary for January 1st Week, 2024
The first week of 2024 ended in a cautious mood with mixed performance, with a weekly return of -0.09%, reflecting a nuanced market sentiment.
- On Monday, January 1st, the market opened cautiously, reaching new all-time highs before experiencing profit booking in the second half, resulting in flat closures for major indices.
- Throughout the rest of the week, moderate volatility persisted, with sectoral rotations and individual stock performances taking center stage.
Here is a summary of the performance of the Investmint models for this week:
Leaders and Laggards
Both ‘Alpha Ally’ and ‘BTST’ were the best-performing models, with an impressive returns of +3.91% and 3.07% for the week.
Pick your one-tap wealth-building strategy today. Discover models that beat the index.
Though the crystal ball remains cloudy, let's approach the next week with curiosity and resilience.
Like getting updates? Never miss a beat by getting instant updates on your holdings by syncing your portfolio with Investmint.
Disclaimer: The opinions expressed in this blog are personal views and should not be considered financial advice. Please do your own research and consult with a professional before you make any investment decisions.