Nifty Next 50 increased 1.17% in November; shown growth of 47.29% in a year: Motilal Oswal Asset Management Company
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• Nifty 50 declined 0.31% in November
• Nifty Midcap 150 increased by 0.14% in November whereas Nifty Smallcap 250 declined by 0.20% in November
• Defence Index shown growth of a 5.7% in November; shown growth of 83.92% in past year
• US Markets shown positive growth in November whereas Emerging Markets shown negative growth.
According to Motilal Oswal Asset Management Company’s Global Market snapshot report, During November 2024, the broad-based indices struggled to maintain momentum, reflecting economic uncertainty and mixed economic signals. Nifty Next 50 shown a growth of 1.17% in November & shown 47.29% growth in past one year. Nifty 50 declined by 0.31% in November but shown a growth of 19.86% in past one year. Nifty Midcap 150 shown 0.14% growth in November & 30.97% growth in past one year. Nifty Smallcap 250 saw a decline of 0.20% in November; shown growth of 33.69% growth in past one year.
Nifty Microcap 250 saw a growth of 1.05% in November & 40.40% growth in past one year. Nifty 500 saw a decline of 0.01% in November; shown a growth of 26.12%
Among sectoral indices, IT emerged as the top performer with a 6.8% gain, followed by Defence with a 5.7% rise, defence index has also shown growth of 83.92% in year which highest compared to other sectorial indices. While the Energy, Metal, and FMCG sectors saw declines of 4.6%, 3.1%, and 2.1%, respectively in November.
Strategic indices continued their downtrend, with the Quality index dropping the most by 3.1%, while the Momentum index rose by just 0.02%.
Nifty 500 remained nearly flat, slipping just 0.01%. Energy, Utilities, and Commodities weighed on returns, while IT, Industrials, and Financial Services provided positive contributions.
Global Market Update
S&P 500 posted its biggest monthly gain of 5.7% in November, while the Nasdaq 100 surged 5.2%, driven by Trump's victory fueling a market rally. Emerging market indices extended their negative performance, with both China and Taiwan declining by 4.5%.
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