Arihant’s Value Plus December 2020
In November 2020, domestic market reached an all-time high with benchmark Sensex and Nifty Index ending the month up by 11.45% and 11.39% respectively as compared to the appreciation of 4.06% and 3.51% respectively in October 2020. Leadership of financials and automobiles show the confidence of participants in the market. This domestic market activity was in line with Wall Street, which broke its new milestone when the Dow Jones Industrial Average topped 30,000. Market participants around the world were inspired by the success in the production of coronavirus vaccines and reports that the transfer of power to President-elect Joe Biden of the United States is finally beginning. The wide market has recently started to perform better, including Mid & Small caps, which can continue in the short term.
On the sectoral front, Nifty Metal index has outperformed all other major indices with a strong gain of 25.09% followed by Nifty PSU Banks at 19.61% gain and Nifty Bank at 18.95% gain. All the sectors have seen growth this month and have performed very well supporting the high level of Nifty and in acceleration to the high level of liquidity in the market. Comparatively, Nifty IT, Nifty Pharma, Nifty Media and Nifty FMCG showed an average performance with an upward movement of 4.98%, 5.94%, 6.01%, and 7.74% respectively. Other sectors such as Nifty Consumer Durables, Nifty Auto and Nifty Oil & Gas showed a significant gain of 12.20%, 14.99%, and 12.30% respectively
In this issue:
- Movers & Shakers
- Market Outlook
- Auto Sector November Sales
- Mutual Fund Round-Up
- Key Financial Events – Dec
We hope you find this issue of Value Plus useful. Please share your feedback on arihant.research@arihantcapital.com
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