On June 4th, 2024, the NSE (National Stock Exchange) of India experienced significant movements across various indices, reflecting the dynamic nature of the Indian stock market.
This article provides a detailed analysis of the performance of key NSE indices, focusing on their current market price (CMP), percentage change for the day, year-to-date (YTD) performance, and changes over the past week, month, and year.
By examining these metrics, we aim to understand the market trends and the driving forces behind the movements in each sector.
Nifty Auto
CMP: 24310.95
Daily Change (%): 4.82
YTD (%): 30.58
1 Week (%): 2.33
1 Month (%): 7.85
1 Year (%): 66.85
Analysis
The Nifty Auto index witnessed a substantial daily increase of 4.82%, reflecting strong market sentiment towards the automobile sector.
Year-to-date, the index has gained 30.58%, indicating robust growth throughout the year. Over the past week and month, the index rose by 2.33% and 7.85%, respectively, suggesting continued investor confidence.
The 66.85% rise over the past year highlights the significant recovery and growth in the auto sector, possibly driven by increased demand and advancements in electric vehicle technology.
Nifty IT
CMP: 33109.05
Daily Change (%): 2.46
YTD (%): -6.77
1 Week (%): -1.29
1 Month (%): 0.61
1 Year (%): 13.24
Analysis
The Nifty IT index saw a daily increase of 2.46%, yet it has faced challenges year-to-date, with a decline of 6.77%. The past week saw a slight drop of 1.29%, while the monthly performance was relatively stable with a 0.61% gain.
Over the past year, the index managed a 13.24% increase, indicating moderate growth.
The IT sector’s performance suggests a mixed outlook, with short-term volatility but potential for long-term growth driven by ongoing digital transformation initiatives.
Nifty Pharma
CMP: 19311.70
Daily Change (%): 3.81
YTD (%): 14.73
1 Week (%): -0.05
1 Month (%): 0.93
1 Year (%): 49.30
Analysis
The Nifty Pharma index increased by 3.81% on June 4th, showing a positive trend. Year-to-date, the index rose by 14.73%, reflecting solid growth in the pharmaceutical sector. The weekly performance was nearly flat at -0.05%, while the monthly gain was 0.93%.
The 49.30% increase over the past year highlights the sector’s resilience and growth, likely driven by ongoing healthcare demands and innovations in the pharmaceutical industry.
Nifty FMCG
CMP: 57616.60
Daily Change (%): 4.43
YTD (%): 1.10
1 Week (%): 4.81
1 Month (%): 6.16
1 Year (%): 12.84
Analysis
The Nifty FMCG index saw a daily rise of 4.43%, with a modest year-to-date gain of 1.10%. Over the past week and month, the index increased by 4.81% and 6.16%, respectively.
The 12.84% rise over the past year suggests steady growth in the FMCG sector, driven by consistent consumer demand and stability in the market.
Nifty PSU Bank
CMP: 7015.45
Daily Change (%): 3.26
YTD (%): 22.79
1 Week (%): -4.23
1 Month (%): -6.82
1 Year (%): 72.14
Analysis
The Nifty PSU Bank index rose by 3.26% on June 4th, marking a positive daily performance. Year-to-date, the index has gained 22.79%, indicating strong growth.
However, the past week and month showed declines of 4.23% and 6.82%, respectively, suggesting recent volatility.
The 72.14% increase over the past year highlights substantial growth, potentially driven by improving financial health and government initiatives to strengthen public sector banks.
Nifty Metal
CMP: 9493.75
Daily Change (%): 5.72
YTD (%): 19.00
1 Week (%): -3.53
1 Month (%): 2.34
1 Year (%): 58.87
Analysis
The Nifty Metal index experienced a significant daily increase of 5.72%, reflecting positive sentiment towards the metal sector. Year-to-date, the index has grown by 19.00%.
The past week showed a decline of 3.53%, while the monthly performance was positive with a 2.34% gain.
The 58.87% rise over the past year indicates strong performance in the metal sector, driven by increased demand and rising commodity prices.
Nifty Realty
CMP: 999.35
Daily Change (%): 2.38
YTD (%): 27.62
1 Week (%): -0.16
1 Month (%): 3.81
1 Year (%): 102.89
Analysis
The Nifty Realty index increased by 2.38% on June 4th, with a strong year-to-date gain of 27.62%. The weekly performance was nearly flat at -0.16%, while the monthly gain was 3.81%.
The 102.89% rise over the past year highlights the exceptional growth in the real estate sector, likely driven by favorable market conditions, increased demand for housing, and government incentives.
Nifty Energy
CMP: 38762.00
Daily Change (%): 3.02
YTD (%): 15.82
1 Week (%): -4.46
1 Month (%): -4.46
1 Year (%): 62.17
Analysis
The Nifty Energy index rose by 3.02% on June 4th, with a year-to-date increase of 15.82%. However, the past week and month saw declines of 4.46% each, indicating recent challenges.
The 62.17% rise over the past year suggests strong overall growth, driven by rising energy demand and investments in renewable energy sources.
Nifty Infra
CMP: 8415.55
Daily Change (%): 2.9
YTD (%): 15.23
1 Week (%): -3.50
1 Month (%): -1.22
1 Year (%): 53.13
Analysis
The Nifty Infra index saw a daily increase of 2.9%, with a year-to-date gain of 15.23%. The past week and month showed declines of 3.50% and 1.22%, respectively.
The 53.13% rise over the past year indicates significant growth in the infrastructure sector, driven by increased government spending and private sector investments in infrastructure projects.
Nifty Media
CMP: 1873.25
Daily Change (%): 3.95
YTD (%): -21.56
1 Week (%): -0.77
1 Month (%): 1.20
1 Year (%): 4.06
Analysis
The Nifty Media index rose by 3.95% on June 4th, despite a challenging year-to-date performance with a decline of 21.56%. The past week saw a slight drop of 0.77%, while the monthly performance was positive with a 1.20% gain.
The 4.06% increase over the past year suggests modest growth in the media sector, which faces ongoing challenges and opportunities in a rapidly evolving digital landscape.
The performance of NSE Indian indices on June 4th reflects a dynamic and diverse market landscape. Key sectors such as Auto, Pharma, FMCG, and Realty showed strong growth, while IT and Media faced challenges.
Overall, the market demonstrated resilience and potential for continued growth, driven by various economic factors and investor sentiment.
As always, it is crucial to consult with financial advisors before making any investment decisions. The data and analysis presented in this article are for educational purposes only and should not be construed as financial advice.
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