Equity Market Update
- Equity markets in November 2024 were influenced by quarterly results and the US presidential elections. Factors like low government spending, elections, and a weak monsoon dampened market sentiment.
- All indices except for Nifty 50 posted marginal gains. While the BSE Sensex (up 0.52%), the BSE MidCap (0.23%) and the BSE SmallCap (0.39%) inched higher, the Nifty closed -0.31% lower.
- On the BSE sectorial front, toppers were dominated by BSE IT (5.83%), BSE Teck (4.93%), BSE CD (2.99%), while the laggards included BSE Oil & Gas, which fell by 2.35%, followed by BSE Metal at 2.38%, and BSE Power at 4.34%.
Past performance may or may not be sustained in future and is not a guarantee of any future returns, and should not be used as a basis of comparison with other investments. Index performance does not signify scheme performance Investors should consult their financial advisers if in doubt about whether the product is suitable for them.