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    HomeNewsBusinessBack in business: Large-cap stocks make a comeback in December

    Back in business: Large-cap stocks make a comeback in December

    The Nifty50 index climbed about 8 percent in December, its best month since July 2022, compared with the 6.4 percent gain for NSE’s small-cap gauge.

    Bloomberg
    December 29, 2023 / 16:54 IST
    the Nifty Smallcap 100 Index is still up more than 50 percent for the year, more than double the benchmark gauge’s year-to-date return

    Large-cap stocks in India are set to outshine their smaller peers this month, halting their record run of monthly underperformance.

    Strong buying from global funds, relatively inexpensive valuations compared to small-cap stocks and receding political risk after Prime Minister Narendra Modi’s victory in key state polls have stoked investor appetite for the biggest and most liquid firms.

    The Nifty50 index climbed about 8 percent in December, its best month since July 2022, compared with the 6.4 percent gain for NSE’s small-cap gauge. To be sure, the Nifty Smallcap 100 Index is still up more than 50 percent for the year, more than double the benchmark gauge’s year-to-date return.

    India's Large-Cap Stocks Make a Comeback

    Bloomberg
    first published: Dec 29, 2023 04:54 pm

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