Here's How Nifty Historically Performed In Last Five Sessions Of The Year

Starting in 2020, the Nifty 50 index has consecutively gained around 2% in the last five sessions of the year. On the fifth-to-last session of 2024, the benchmark 50-stock index slipped back into losses after rising over 0.4% intraday. This comes after a one-day gain following a fall of nearly 1,200 points last week. 

Here is how Nifty has performed in the last five sessions over the years.

So far this year, the index has gained around 9%, but on a monthly basis, it has not been in the green since September. For comparison, last year it rose 20%, and in 2022 it ended with just 4.33% gains.

According to a note by Motilal Oswal Wealth Management, "The first half of the year saw robust corporate earnings, a surge in domestic flows, and a resilient macro landscape, driving the Nifty to an all-time high of 26,277 in September 2024."

In fact, the markets navigated significant events, such as several global geopolitical issues, general elections, and budgets in India, and any dips were swiftly met with strong buying activity, the note added.

In the last 2 months, the market has corrected around 11% from its all-time high. "This correction marked the third major decline since the COVID-19 pandemic in 2020, with unprecedented selling by Foreign Institutional Investors (FIIs) due to a combination of domestic and global factors," the brokerage said.

It also noted that FIIs sold more than Rs 1.5 lakh crore in October and November—the highest-ever two-month selling in history. "Earnings moderation and elevated valuations in mid-caps and small caps, along with a strengthening dollar index after Donald Trump’s election victory, led to FIIs shifting away from India," it said.

Open interest activity for the December contract of the Nifty 50 expiring Thursday indicates maximum call open interest at the 24,000 level, and on the put side, the highest OI was at 23,500, hinting that the index will move between these levels on expiry day.

If the index closes at the psychologically crucial 24,000-mark, return in the last five days this year will be around 1%, still the slowest rise since 2019.

A report by SBI Securities showed cumulative open interest on the Nifty December futures contract had fallen 2.05% on Monday from Friday, inferring short covering.