India's Sensex top-performing index in the Asia-Pacific region in Dec; ranks 15th out of 45 global indices for CY23
10 January, 2024
In December 2023, the 30-scrip Dalal Street benchmark Sensex, claimed the leading position among its peers in the Asia-Pacific region, highlighted Geojit Financial Services. This signifies the resilience, investor confidence, and strength of the Indian equity market compared to other major indices in the region. A report titled "World Equity Indices Screener â Around the World in 5 Minutes" for the year 2023 by the brokerage revealed that key indices in 11 out of 45 countries concluded the year near multi-year highs or at all-time highs. The Sensex, with a remarkable one-year return of 18.7 percent, experienced its best performance since 2021 and ranked as the 15th top-performing index among the 45 gauges assessed, it said. 2023 Data Overall, the brokerage report observed that demonstrated robust performance, achieving an average return of 20.1 percent, marking the highest annual return in over seven years. This occurred against a backdrop of persistent challenges, including escalating geopolitical tensions and uncertainty surrounding key policy decisions by the world's leading developed economy. It further informed that 37 nationsâ indices (82 percent of the universe) gained by an average of 25.8 percent and 18 percent nationsâ indices were down by an average of -6.4 percent. Argentinaâs Merval went up by 360.1 percent, alongside higher inflation and economic troubles; Nigeriaâs NSE all share was up 45.9 percent; Polandâs WIG was up 36.5 percent; Turkeyâs BIST-100 was up 35.6 percent; and Japanâs Nikkei225 was up 28.2 percent. Indiaâs Sensex was up by 18.7 percent, ranking 15th out of the total 45 nations, noted Geojit. Thailandâs SET was down the most by -15.15 percent; Hong Kongâs Hangseng was down -13.8 percent; Colombiaâs Colcap was down -7.1 percent; Finlandâs Helsinki was down -6.4 percent; and Chinaâs Shanghai Comp. was down -3.7 percent. Other Highlights Among other highlights, the brokerage report found that Indian indices featured at the sixth spot in the ranking with a three-year CAGR of 14.8 percent, and the fifth position with a five-year CAGR of 13.2 percent. Overall, the world average CAGR was up by 10.3 percent, over the past 3 years, compared to the base periods, when the world broadly was in the follow-up phases of unlocking, post Chinaâs Wuhan originated worst pandemic, Covid-19, alongside vaccination drives and opening up of economies in 2020, said the report. Argentina (163 percent); Turkey (71.7 percent); Nigeria (22.9 percent); UAE (17.7 percent); Denmark (15.9 percent). Hong Kong (-14.5 percent); Russia (-7.9 percent); Colombia (-6.0 percent); China (-5.0 percent); Malaysia (-3.7 percent). December Figures The Sensex index finished the last month of 2023 with 7.84 percent returns, its 6th best gain in more than 5 years, it noted. 39 out of the 45 indices tracked registered an average return of 4.4 percent in December, added Geojit. Argentinaâs Merval went up the most by 14.3 percent, the country with terrific economic issues; Swedenâs OMX Stockholm was up 8.2 percent, its 5th best monthly gains in 5+ years; Qatarâs QE General gained 7.86 percent, itâs 3rd best gain in 60+ months; Indiaâs Sensex came in close gaining 7.84%, itâs 6th best in 5+ yrs; Australiaâs ASX All Ordinaries went up 7.3%, itâs 3rd best in 5+ yrs. : On the other hand, Turkeyâs BIST-100 declined the most by -6 percent; Russiaâs RTSI was down -2.8 percent; Chinaâs Shanghai Comp. was down -1.8 percent; Portugalâs PSI 20 was down -1.2 percent; and Norwayâs Oslo All Share was down 0.3 percent, it reported. Livemint tops charts as the fastest growing news website in the world to know more. Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed â it's all here, just a click away!
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Source: livemint
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