March usually emerges as a subdued month within the monetary calendar, marked by strategic maneuvering amongst traders to optimize their portfolios. This era typically witnesses a flurry of exercise as traders interact in tax-loss harvesting, shedding underperforming property to mitigate their capital positive aspects tax liabilities stemming from worthwhile investments.
Notably, March 2024 defied this development because the Nifty surged previous the 22,000 milestone, scaling new heights to achieve 22,526, yielding a notable 1.57% return for the month. Equally, the BSE Sensex additionally demonstrated resilience, delivering a decent 1.59% return. This outstanding feat may be attributed to the buoyant macroeconomic indicators and the steadfast inflow of overseas capital, underscoring the resilience of the Indian monetary panorama.
The BSE Auto index emerged because the frontrunner with a powerful 4.96% surge, carefully trailed by the BSE Steel index, which noticed a strong uptick of 4.95%. Conversely, the BSE IT index skilled a downturn, registering a decline of seven.20% in returns.
Right here is how our suggestions carried out in March 2024.
Whole Suggestions – 109
- Intraday – 88
- Momentum – 19
- Quick Time period – 20
- MTF – 6
Futures and Choices
Right here is the efficiency of our suggestions for Futures and Choices.
Whole Suggestions: 25
Star performers:
Given under are just a few star performers in our suggestions for the month of March 2024.
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