Nifty Smallcap 250 up over 10% in November, outperforms Nifty 50’s solid turnaround; check details

In addition, both Nifty Smallcap 250 and Nifty Midcap 150 indices have outperformed the other indices when compared on a three-month, six-month, and on an annual basis. In the last three months, Nifty Midcap rose 8.64 per cent and Nifty Smallcap 250 was up 11.07 per cent.

In the last six months, both indices have clocked gains of 26.46 per cent and 33.68 per cent, respectively. Finally, even on a 12-month basis, both indices rose 32 per cent and 37.31 per cent, respectively – clocking the highest gains when compared to other major indices including Nifty 50 and Nifty 500, according to Motilal Oswal.

In November 2023, the Indian stock markets experienced a notable upturn, as evidenced by around 6 per cent surge in the Nifty 50 index. The Smallcap 250 index outperformed, leading the gains with an impressive growth of 10 per cent.

Across the board, all sector indices closed the month on a positive note. The realty sector emerged as the top performer, witnessing a substantial increase of around 18 per cent. Following a month of negative returns in factor-based indices, November marked a remarkable turnaround, with all factor-based indices experiencing notable increases.

Momentum emerged as the frontrunner, registering the highest rise at around 12 per cent during the month. The Financial Services sector continued to play a pivotal role in propelling the Nifty 500 index, contributing significantly to its overall 7.1 per cent increase in November 2023.

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Published: 06 Dec 2023, 08:57 PM IST