Market Summary for January 2nd Week, 2024
On Friday, the Indian market roared back to life after a prolonged period of sideways movement that left the index directionless. While it may have been a lackluster week for trend-followers, option sellers found it to be exceptionally rewarding. The surprising upswing on Friday took the market to all-time highs, venturing into uncharted territory again.
- Both Sensex and Nifty surged on Friday, propelled by Infosys earnings and a wave of FII buying, boosting the overall weekly performance.
- Strong earnings reports from Infosys, HDFC Bank, and other key companies offered a much-needed boost, reminding investors of the underlying strength of Indian corporations.
Here is a summary of the performance of the Investmint models for this week:
Leaders and Laggards
Both ‘Alpha Ally’ and ‘Long India’ were the best-performing models, with an impressive returns of +3.09% and 1.70% for the week.
The positive momentum from Friday's rally offer a hint of hope for a potential bullish week ahead.
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.