Stock Market: November has been a record breaking month for the stock market. During this, both the Sensex and the Nifty made their all-time high. Where the Sensex has touched the level of 44825 on 25 November. At the same time, the Nifty also found a level of 13145 for the first time. The Sensex and Nifty grew in double digits in November. At the same time, if you talk about different shares, the investors got up to 76 percent returns in the same month. The global markets gained momentum due to the improvement in the data of big economies at the global level, news of the arrival of Corona vaccine market soon and a positive outlook on the economy. The domestic market also benefited.
Sensex up 12 percent
Talking about the month of November, the largecap index Sensex 30 was up 12 percent. The Sensex closed at the level of 39614 on 30 October. At the same time, it reached the level of 44,149.72 at the end of November. During this, the Sensex set an all-time high of 44825.37 on 25 November. On this day, Nifty also made an all time high of 13145.
Small and medium stocks also rose
Not only LORGECAP, midcap and smallcap also witnessed good growth in the month of November. In November, the BSE Midcap index has gained around 13.5 per cent. During this period, the midcap index rose from 14904 to 16915 level. The BSE Smallcap Index also grew by 13 percent in November. During this time, the BSE Smallcap index rose from the level of 14888 to 16875 level.
The main reason for the market boom
There has been some major reason for the rise in the stock market in November. The most prominent among them is the increasing expectation for treatment of corona virus. In the month of November, there have been such reports that COVID 19 vaccine will soon come in the market. Domestically, covacine is also expected to enter the market soon and vaccination will begin. Moderna, Pfizer and Oxford University Vaccine were effective in the trial and they are also reported to be launched soon. The market has got good support from this.
The second major reason is that data is coming better for big economies around the world. At the same time, rating agencies are also talking about better economic growth outlook. Investors are putting money in the market with the hope of improvement in the economy. At the same time, the third major region has also been the US market. Where the change of power, along with the sentiment of political stability, the record in the markets has been rising. Its effect has been shown on the markets around the world.
Stock holding shares in 1 month
Adani Gas: 76%
J&K Bank: 63%
Chola Investment and Finance: 57%
Bajaj Finserv: 55%
Adani Green: 52%
SH Kelkar & Company: 50%
Cholamandalam Finance: 46%
Shriram Transport Finance: 46%
Equitas Holding: 43%
Bajaj Finance: 42%
Tata Steel: 41%