December 19, 2023
Stocks

Public Sector Undertaking (PSU) and Real Estate stocks stand out in 2023

In today's stock market, the Nifty Realty and Nifty PSE indices, boasting gains of 74-78%, emerged as the top performers in 2023, surpassing both other sectors and benchmark indices. Notable outliers include the Auto, PSU Banks, and Infra sectors, along with Pharma, Healthcare, IT, and thematic indices like Nifty Commodities and Energy, all experiencing gains of 25% or more. Public Sector Stocks and Realty sector stocks, in particular, have attracted significant investor interest throughout 2023. While the benchmark indices Nifty and Sensex have posted returns of around 18.5% and 17.5%, respectively, the NSE Realty Index and NSE PSE index (thematic index) have recorded remarkable gains of 77.6% and 74.6%, outperforming most other sectoral indices and benchmark indices. The robust performance of Public Sector Undertakings (PSUs) in the Defense sector can be attributed to substantial order inflows, aligning with the government's emphasis on the Atmanirbhar Bharat and Make in India initiatives. Other PSUs, including Coal India, NTPC (power producers), BHEL (capital goods major), and several others, have also delivered impressive returns due to factors such as increased production and positive market conditions.

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