Domestic equity benchmarks Nifty 50 and BSE Sensex rose around 20 per cent in 2023, their second-best year since 2017, and were among the top-performing stock indexes globally. Nifty 50 marked the eighth consecutive year of positive returns. India become a stock market superpower with market capitalisation surpassing the $4 trillion mark securing fifth position after the US, China, Japan and Hong Kong.
The bull run was supported by sustained domestic mutual fund inflows, foreign capital inflows, better-than-expected economic growth, and robust corporate earnings. D-Street investors added a significant ₹81.90 lakh crore to their wealth in 2023 powered by a stellar rally in stocks.
On the last trading session of 2023, the Nifty 50 settled at 21,731.40 and Sensex closed at 72,240.26, snapping their five-day winning streak, on profit-booking in select heavyweights even as the mid and smallcap indices ended with healthy gains.
In the last one year, the top gainers of Nifty 50 logged a double-to-triple digit rise in their stock prices and rose in the range of 60-100 per cent year-to-date (YTD), while the top laggards saw a drop of 5-25 per cent in their share prices. According to Bloomberg data, here are the top 10 Nifty 50 stocks that moved the most in 2023:
Top 10 Nifty 50 that moved the most in 2023-Top gainers and losers
Here are the top five Nifty 50 gainers of 2023:
1.Tata Motors: At a current market price (CMP) of ₹779.40, the Tata Groupstock emerged as the top Nifty 50 performer in 2023, logging a sharp 10.2.74 per cent increase in its stock price.
2.Bajaj Auto: At a current CMP of ₹6,820, the Bajaj Group stock has emerged as the second biggest Nifty 50 gainer of 2023, logging a sharp 96.29 per cent increase in its stock price.
3.NTPC Ltd: At a current CMP of ₹310.50, the state-owned power major has emerged as the third biggest Nifty 50 gainer of 2023, logging a sharp 96.03 per cent increase in its stock price.
4.Coal India: At a current CMP of ₹310.50, the leading coal miner has emerged as the fourth biggest Nifty 50 gainer of 2023, logging a double-digit rise of 84.95 per cent increase in its stock price.
5.Larsen & Toubro: At a current CMP of ₹3,520, the leading infra major has emerged as the fifth biggest Nifty 50 gainer of 2023, logging a double-digit rise of 68.94 per cent increase in its stock price.
Also Read: Nifty January series outlook: 4 stocks where investors can park their money; do you own?
Here are the top five Nifty 50 laggards of 2023:
1.Adani Enterprises: At a current market price (CMP) of ₹2,849.05, the stock has emerged as the biggest Nifty 50 loser of 2023, logging a decrease of 25.20 per cent in its stock price.
2.UPL Ltd: At a CMP of ₹587.70, the stock has emerged as the second biggest Nifty 50 loser of 2023, logging a decrease of 17.39 per cent in its stock price.
3.Kotak Mahindra Bank: At a CMP of ₹1,904, the stock has emerged as the third biggest Nifty 50 loser of 2023, logging a decrease of 4.37 per cent in its stock price this year.
4.Infosys Ltd: At a CMP of ₹1,542.65, the IT major has emerged as the fourth biggest Nifty 50 loser of 2023, logging a decrease of 4.37 per cent in its stock price over the year.
5.Housing Development Finance Corp: The stock has emerged as the fifth biggest Nifty 50 loser of 2023, logging a decrease of 3.46 per cent in its stock price over the year.
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Published: 30 Dec 2023, 09:13 PM IST
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