NSE Indices movement analysis 29 April 2020

Below is a brief snapshot of indices fall from 20 Jan 2020 highs to 24 March 2020 and then up move.

Index 20-Jan-20 24-Mar-20 29-Apr-20 %age fall %age rise Net move
Nifty 50 12430 7511 9553.35 -40% 27% -23%
Nifty Next 50 28754 18720 23624.05 -35% 26% -18%
NIFTY MIDCAP 50 4945 2975 3650 -40% 23% -26%
NIFTY SMLCAP 50 3036 1611 1916.05 -47% 19% -37%
Nifty Auto 8353 4694 5543.75 -44% 18% -34%
Nifty Bank 31081 17017 21090.2 -45% 24% -32%
Nifty Energy 15855 10024 12611.55 -37% 26% -20%
Nifty Financial Services 14360 8419 10292.9 -41% 22% -28%
Nifty FMCG 31427 23971 28665 -24% 20% -9%
Nifty IT 16207 11865 13424.95 -27% 13% -17%
Nifty Media 1836 1032 1165.95 -44% 13% -36%
Nifty Metal 2835 1502 1724 -47% 15% -39%
Nifty Pharma 8294 6611 8385 -20% 27% 1%
Nifty Realty 326 171 183.00 -48% 7% -44%
Reliance 1609 943 1427 -41% 51% -11%

Indices fallen more than Nifty 50 are highlighted in light red and indices rose more than Nifty 50 are in
light green colour.

Key points

1. Nifty Pharma is above 20 Jan 2020 closing price giving us net +ive return.
2. Indices fallen less than Nifty 50 (at -23%) from 20 Jan 2020 are
a. Nifty Pharma at +1%
b. Nifty FMCG at -9%
c. Nifty IT at -17%
d. Nifty Next 50 at -18%.
3. %age rise from 24 March 2020 lows
a. Nifty Pharma at 27%
b. Nifty Next 50 at 26%
c. Nifty Energy at 26%
d. Nifty 50 at 26%

Some observations

1. Nifty Next 50 is outperforming Nifty 50 after a long time.

2. Most of gains in Nifty 50 are from Reliance only
3. Nifty FMCG while has not fallen during Jan-March 2020, it did not give good gains from March
lows.
4. Nifty Pharma is net +ive from 20 Jan 2020 high
5. Nifty Mid caps behaved much better in the fall by underperforming Nifty 50 by 3 percent only.
Midcaps have been in downtrend since Jan 2018 highs.
We need to analyse top 200 stocks move also to see where money is flown out and now coming
in. Will publish that soon.