OFSS, IRFC zoom up to 70% so far in 2024! Charts show more legs in rally

As many as 274 out of the Nifty 500 stocks held gains as of Jan 19, even as the benchmark BSE Sensex was down 2 per cent for the new year. Here's what charts suggest for select early movers of 2024.

It’s been just 14 trading sessions so far in the new year, and the markets have already witnessed a significant volatile ride, with benchmark indices scaling new peaks and then registering their biggest single-day fall in 18 months.

The S&P BSE Sensex has swung nearly 4 per cent so far in this period, from a new all-time high of 73,428 to a low of 70,666, and is down around 2 per cent. The on and off bets on US Fed rate cuts in March, geopolitical worries, higher valuations back home and Q3 earnings are seen as the triggers for the