Monthly Market Recap: Nifty Performance, sectoral trends, and FII/DII trading activity

The broader market indices, NSE Nifty50 and BSE Sensex, ended the day in the red. Today, the Nifty opened the day at 19,233, which was an impressive 92 points higher than the previous day’s closing level of 19,141. During the intraday session, it touched highs and lows of 19,234 and 19,056, respectively, and finally concluded the day at 19,080.

On this final day of October, we will direct our analysis towards the monthly performance, specifically how Nifty performed and the performance of its components throughout the month.

At the beginning of the month, it opened at 19,622, which was almost flat compared to the previous month’s closing point. During the month, it reached a high of 19,850. However, it fell below the significant level of 19,000 and registered a low of 18,838. Today, on the last day, it concluded the month above 19,000 at 19,080, representing a decline of 2.8%.

However, Nifty fell below a crucial support level of 19,200, which had been respected for three consecutive months in July, August, and September, and eventually closed below the same. In the upcoming days, it will act as a resistance level.

Moreover, the RSI of Nifty50 on the monthly timeframe has degraded from 66.01 to 61.20. The potential support on the chart could be the previous swing high, which was around 18,750 levels and was created during the month of November 2022.

Now, let’s explore sectors and try to find out which sectoral index has performed well and succeeded in outperforming the Nifty index. The one and only sector that not only outperformed the Nifty index but also provided a positive return of 1.28% among all the sectors is the Nifty Realty Index.

A major decline has been seen in the PSU banks index, which fell over 6% during the month. The second biggest loser this month was the Metal sector, falling over 5.5% during the same period. However, Nifty also fell around 3% during the month, and approximately eight sectors outperformed it by falling less than Nifty’s decline. These sectors include Nifty Realty, Auto, FMCG, CPSE, MNC, PSE Consumption, and Energy.

Turning our attention to the stocks of the Nifty50 and exploring the top-performing, and the worst-performing. Among the 50 stocks, 10 stocks have given a positive return of over 1%, while the remaining 40 stocks either closed almost flat or with negative returns.

Regarding the best performers, Nestle India emerged as the top performer by generating an impressive return of over 7% during the month. Coal India Limited secured the second position by providing over 6% returns to its investors.

On the other hand, UPL Limited earned the tag of worst performer during the same period, generating a negative return of over 12%. In the second and third positions, Divi’s Laboratory and Tech Mahindra Limited fell by over 9% and 7% during the month.

Following are the FIIs and DIIs trading activity segment-wise. It’s important to note that the data is current until yesterday, as today’s data has not been published as of writing this article.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.