Which Indices Led the Way in November: Nifty 50 and Nifty Midcap 150?
Synopsis
Key Takeaways
- Nifty 50 and Nifty Midcap 150 emerged as top indices in November.
- The Nifty 50 outperformed with returns of 7.27% over the last 3 months.
- Nifty Midcap 150 showed steady growth with 7.93% gains in the same period.
- Sector performance varied, with IT and Auto leading.
- Realty sector faced significant declines.
New Delhi, Dec 13 (NationPress) The Nifty 50 and Nifty Midcap 150 have been recognized as the leading indices for the month of November, showcasing growth rates of 1.87 percent and 1.59 percent, respectively, according to a report released on Saturday.
In comparison, the Nifty 50 excelled with impressive returns of 7.27 percent, 5.87 percent, and 8.59 percent over the last three, six, and twelve months.
Additionally, the Nifty Midcap 150 maintained a consistent upward trajectory, with gains of 7.93 percent, 6.01 percent, and 7.12 percent across the same time frames, as reported by Motilal Oswal Mutual Fund.
The broader market also showed positive trends, with the Nifty 500 increasing by 0.94 percent in the previous month. Large and midcap stocks rose by approximately 1-2 percent, while smallcaps experienced a correction of around 1-3 percent.
Over the past three months, six months, and one year, the index has consistently delivered positive returns of 6.55 percent, 4.96 percent, and 5.94 percent, the report highlighted.
The Nifty Smallcap 250 Index exhibited varying momentum, falling by 3.36 percent during the month, but showing a moderate gain of 1.37 percent over the past three months.
However, longer-term returns were subdued, with the index declining by 0.60 percent over six months and 5.55 percent over the year.
The Nifty Microcap 250 Index also displayed volatility, with a 2.83 percent decline in November.
The Nifty Next 50 Index concluded the month with a slight decline of 0.98 percent, yet it maintained positive momentum in the medium term, recording gains of 5.16 percent over three months and 3.56 percent over six months, while posting a return of -2.25 percent over the past year.
Sector performance was mixed, with IT, Auto, Banks, and Healthcare sectors delivering increases of 4.74 percent, 3.60 percent, 3.42 percent, and 2.30 percent respectively in November.
The Defence sector showcased the strongest annual performance with an impressive return of 19.43 percent, making it the top-performing segment of the year.
Following closely was the Auto sector at 18.85 percent, while the Banking sector saw a healthy gain of 14.79 percent. The Metals sector also performed well with a 13.94 percent increase, while Healthcare experienced a moderate growth of 6.40 percent.
Conversely, the Realty sector faced challenges, declining by 4.69 percent in November and 11.47 percent over the past year.
Overall trends indicate a 1-4 percent decline across various segments during November, reflecting sector-specific pressures and profit-taking actions following previous rallies, as noted in the report.