Equity Market Update
- December 2023 saw significant gains in large-cap stocks fuelling the rally alongside mid-caps, while small caps took a breather. Sustained trend of profit growth, capital expenditures, and stable liquidity were key themes during the month. FIIs bought net equities worth Rs 66,135 crores in December 2023, with DiIs logging in net purchase of 12,942 crores.
- The large cap bellwether indices S&P BSE Sensex and Nifty 50 climbed 7.8% and 7.9% respectively in December 2023. S&P BSE MidCap and S&P BSE SmallCap rose 7.5% and 5.7% respectively. Year-on-year basis, S&P BSE Sensex and Nifty 50 surged 18.7% and 20.0% respectively while S&P BSE MidCap and S&P BSE SmallCap soared 45.5% and 47.5% respectively.
- On the S&P BSE sectorial front, the leading performers in December 2023 were S&P BSE Power (18.2%), S&P BSE PSU (15.3%) and S&P Oil & Gas (12.0%).
