In times of volatility, it is the security of traditional assets that investors seek. And that is what the markets witnessed in FY23, with investors betting on assets like gold, fixed deposits and property, among others
While gold topped investors’ choice of assets, benchmark equity indices ended the fiscal on a mixed note. The BSE Sensex gained a meagre 0.72 per cent, whereas the Nifty 50 declined 0.6 per cent
FDs also emerged as one of the preferred investment options amid the ongoing rise in interest rates. Business Today magazine’s The Point gives an overview of how the various asset classes performed and what analysts are projecting for FY24
Seven BSE firms saw their stocks rally over 100 per cent in FY23. They included Mazagon Dock Shipbuilders, Varun Beverages, Finolex Cables, Lloyds Metals & Energy, Rail Vikas Nigam, UCO Bank and Mahindra CIE Automotive
With a return of more than 16 per cent in FY23, gold shone bright, while silver advanced nearly 7 per cent. Rs 65,000 per 10 gm will be the likely price of gold by March 2024 and silver is expected to reach Rs 82,000 per kg by then, as per SMC Global Securities’ forecast
Amid rising interest rates, fixed deposits (FDs) once again hogged the limelight in FY23
Average housing prices in the top 7 cities continued to surge in FY23. The average pan-India housing price during Jan-Feb 2023 was Rs 6,325 per sq. ft. The figure stood at Rs 6,001 per sq. ft in Jan-March 2022, as per ANAROCK Research
With a fall of more than 4 per cent, the BSE Smallcap index underperformed large-and mid-cap indices in FY23. Sector-wise, the IT sector index tanked the most in the past 12 months.(two charts - Small is not Beautiful & Cloudburst
As many as nine blue-chip companies’ stocks in the Sensex pack witnessed double-digit declines in FY23. Meanwhile, defensive plays, including stocks of companies such as ITC, M&M and HUL provided good Returns in FY23
In FY23, the 10-year benchmark bond yield witnessed a substantial increase, indicating a fall in prices due to rising interest rates