November has been the best month for BSE500 index stocks this year

The year 2020 has been a roller coaster for the market and investors. To begin the year, benchmark indices hit a high in January at 41,952, but the coronavirus outbreak and resultant impact on economy gave a jolt.

Sensex fell 38 percent from January high to 25,982 on March 23, 2020.

The equity market started to recover in April. And now, it has seen a tremendous bounce-back of 72 percent from March low.

The index's year-to-date return is just over 8 percent.

Moneycontrol analyzed BSE 500 index stocks' performance on a monthly basis. The data showed November has been the best month for stocks in 2020 so far. 454 stocks in the S&P BSE 500 ended in the green in November. That’s the highest for the year, followed by 448 stocks in April. Post-March's steep fall, September saw the least number of stocks gaining, around 152 stocks.

Data showed in April and June, more than 25 stocks gave over 50 percent monthly return. A handful of stocks doubled investor wealth on monthly return basis during 4 months this year - February, May, June and October.