In terms of performance in the new year, the Indian stock market lagged behind its global peers i.e. Global Stock Exchanges. Barring a few stock exchanges in January 2021, large stock markets around the world either saw a boom or remained flat. But for the Indian stock market, the year 2021 has been no less than a roller-coaster ride. The Bulls dominated the stock market almost daily, except for one or two sessions from early January 2021 until 20 January. During this period, the stock market crossed the 50,000 mark on January 21, but the decline that started after that is not taking its name.
The Sensex has lost 7.4% in the last 6 trading sessions so far after touching the 50,000 mark. The Sensex recorded a decline of 3.05% in January and closed over 588 points higher at 46, 285.77 points on the last trading day of January i.e. 29 January. The NSE of NSE along with the Sensex is also undergoing declines from January 21. During this time Nifty has fallen by more than 1000 points. On the last trading day of January, Nifty lost 183 points to close at 13,634.60 points.
Only BSE Midcap Index Gains
In the domestic markets, the Sensex i.e. BSE 30 performed the worst in January, but other BSE indices also came down. S&P declined by 2.39% in BSE 50, 2.12% in BSE 100, 1.95% in BSE 200, 1.75% in BSE 500 and 1.73% in BSE Allcap. The BSE Smallcap index also dropped 0.56% this month. Only the BSE Midcap index gained in January and rose 0.78%. In BSE’s 22 sectoral indexes, only 3 sectoral indices were in advantage. All other indices remained in red mark in January 2021.
ICICI Bank Q3 Results: Bank’s third-quarter profit increased by 17%, earnings also increased
The state of global markets
US Stock Exchange Dow Jones’ performance remained flat in January. It remained flat as the index fell 2% on the last day of the trading session in January. S&P Asia 50, which includes 50 bluechip companies, was up 7% in January. These companies are listed on 4 major stock markets in Asia, Hong Kong, Singapore, South Korea and Taiwan Stock Exchange. S&P Emerging BMI gained 2% this month. At the same time, the stock exchange whose index declined this month includes S&P TOPIX 150. Japanese companies are listed in it. Also, S&P Latin America 40, with 40 big bluechip companies from Brazil, Chile, Colombia and Peru, also declined in January.
Budget 2021: Top budget pics of Kotak Securities, which will earn big