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.
Bu hikaye Business Standard dergisinin December 13, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Standard dergisinin December 13, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Uber launches 'women only' bike rides in B'luru
The company plans to introduce the service in other top cities such as Delhi, Mumbai, Kolkata, Chennai and Hyderabad
AI vulnerability in focus after ChatGPT outage
In an increasingly artificial intelligence (AI)-driven world, the recent outage of ChatGPT has reignited debates around the growing reliance on AI and, more broadly, on popular tech platforms.
AT 18, GUKESH CONQUERS 64 SQUARES
Indian Grandmaster D Gukesh on Thursday became the youngest world chess champion at 18 years after beating title-holder Ding Liren in the last game of a nerve-wracking showdown to herald a new era of dominance for the country's chess players.
SPANNER IN THE WORKS
Manufacturing firms see a sharp decline in operating profit, negative growth for second quarter in a row
REDUCING HOME LOAN BURDEN If credit profile has improved, try switching to lower-cost loan
Home loan borrowers' wait for interest rate cuts to begin continues with the Reserve Bank of India's (RBI) monetary policy committee keeping the repo rate unchanged after its December 4-6 review.
With PSBs on the ladder in '24, eyes on next rung
Rally may have legs until early 2025
Sentiment to stay weak as life insurers await tax clarity
Life insurance activity was soft in November 2024. Individual annual premium equivalent (APE) grew 7 per cent year-on-year (Y-o-Y) (two-year CAGR: 1 per cent) at industry level. New surrender value guidelines were applicable from October 2024.
MobiKwik booked 20.37x, Vishal Mega Mart sails through on Day 2
The initial public offering (IPO) of fintech firm MobiKwik received 20.37 times subscription on the second day of bidding on Thursday, driven by heavy participation from retail and non-institutional investors.
'Sebi trying to reduce float to transparency' cut risk, bring
Cash equivalent collateral of over ₹4.5 trillion is placed with stock brokers, custodians, clearing corporations, and other market intermediaries as float, which the market regulator is trying to reduce to mitigate risk and bring transparency, Ananth Narayan (pictured), wholetime member (WTM) of the Securities and Exchange Board of India (Sebi), said on Thursday.
BlueStone Jewellery files draft papers with mkt regulator
BlueStone Jewellery and Lifestyle, which offers contemporary lifestyle diamond, gold, platinum, and studded jewellery under its flagship brand BlueStone has filed draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO).
