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

livemint.com:

Also Read: Down 4%, Nifty Midcap 150 declines more than Nifty 50 in October on global headwinds 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.

-Goods and services tax (GST) revenue collection rose 15 per cent in November 2023. According to the Ministry of Finance, this is the highest annual growth in monthly GST collections and amounted to ₹1.68 lakh crore -The Indian economy grew 7.6 per cent during the July-September quarter of fiscal 2023-24 (Q2FY24), remaining the fastest-growing major economy in the world. India's Q2 GDP growth came sharply above D-Street estimates as well as projections