While the Nifty 50 index has moved up 2.1 per cent, the mid and smallcaps have surged 5.1 per cent and 5.4 per cent, respectively, in the first eleven days of the month, according to Bloomberg data.
The recovery comes after a sharp fall that took most frontline indices, especially the mid and smallcaps, in a 'correction' phase with a drop of over 10 per cent from peak levels.
In the last five years (since 2019), markets have given positive returns every time in December, except in 2022, when the Nifty, Nifty Midcap 100, and the Nifty Smallcap 100 indices struggled.
According to many analysts, the market rally is a result of people buying stocks in anticipation of the rise in stock prices next month, also known as the January Effect. The January Effect refers to the observed trend of stock prices increasing in the first month of the year.
Diese Geschichte stammt aus der December 13, 2024-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der December 13, 2024-Ausgabe von Business Standard.
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