The benchmark index, Nifty 50, which represents the country’s top 50 blue-chip companies across various sectors, has soared 30% in FY24, ending 9 out of the last 11 months in the green.
Zomato and Trent have led the Nifty 100 index with stellar returns, with Zomato shares generating a tremendous return of 207% and Trent shares rewarding shareholders with a massive return of 192%.
Bajaj Auto s shares surged by nearly 6% in early trading session after the company s board approved a ₹4,000-crore share buyback at a price of ₹10,000 apiece.
Nifty 50 is set to end 2023 with double-digit gain, marking eighth consecutive year of positive returns. 27 constituents of the index achieved new all-time highs this year.