By Admin88 
Last week, the two leading Indian stock market indices set new record highs.
The BSE Sensex 30 closed above 79,000 for the first time and the Nifty 50 went above 24,000.Invest with ii: What is a Managed ISA? | Open a Managed ISA | Transfer an ISA
The Sensex is the primary benchmark index of the Indian stock market, acting as a barometer for the Indian economy. Launched in 1986, it comprises 30 of the largest and most actively traded stocks on the Bombay Stock Exchange (BSE).
These companies are selected based on market capitalisation, liquidity, revenue, and industry representation. The index covers various sectors of the Indian economy, including finance, information technology, energy, consumer goods, healthcare, and more, making it a comprehensive indicator of the market❼overall performance.
The Nifty 50, introduced 10 years later, is the benchmark index of the National Stock Exchange of India (NSE). It includes 50 of the largest and most liquid stocks, many of which are also included in the Sensex. With more stocks, the Nifty 50 offers a slightly more diversified view of the market than the Sensex and tends to be slightly less volatile.Lucknow Investment
Leading companies that feature in both indices include , Tata Consultancy Services,, and .Are there reasons to be bullish on India after shock election result?Top 10 most-bought investment funds in June 2024New Delhi Wealth Management
So far this year, the Sensex has risen by 9.4%, while the Nifty 50 is up 10.5%.
Although their overall progress has been impressive, both indices fell sharply at the beginning of last month. On 4 June, the Sensex went down by -5.7% and the Nifty 50 suffered a -5.9% one-day loss.
The results of the general election had just been announced and the Bharatiya Janata Party (BJP) had lost its outright parliamentary majority for the first time in 10 yearsKanpur Wealth Management. That is not what the exit polls had suggested.
The incumbent government had been very pro-business, and that was popular with investors who did not want anything to rock the boat. There was a concern that the economic recovery could be derailed.
However, Narendra Modi, the Indian prime minister, was able to form a coalition government and stock markets quickly recovered. The Sensex ended the month up 6.9%, while the Nifty 50 gained 6.5%.
We keep track of a dozen key stock market indicators. Despite a shaky start, the Sensex ended up being the best-performing one in June.Stock Market Indices2024IndexCountryJanuaryFebruaryMarchAprilMayJuneFTSE 100UK-1.3%0.0%4.2%2.4%1.6%-1.3%FTSE 250UK-1.7%-1.6%4.4%0.4%3.8%-2.1%Dow Jones Ind AveUS1.2%2.2%2.1%-5.0%2.3%1.1%S&P 500US1.6%5.2%3.1%-4.2%4.8%3.5%NASDAQUS1.0%6.1%1.8%-4.4%6.9%6.0%DAXGermany0.9%4.6%4.6%-3.0%3.2%-1.4%CAC40France1.5%3.5%3.5%-2.7%0.1%-6.4%Nikkei 225Japan8.4%7.9%3.1%-4.9%0.2%2.8%Hang SengHong Kong-9.2%6.6%0.2%7.4%1.8%-2.0%Shanghai CompositeChina-6.3%8.1%0.9%2.1%-0.6%-3.9%SensexIndia-0.7%1.0%1.6%1.1%-0.7%6.9%IbovespaBrazil-4.8%1.0%-0.7%-1.7%-3.0%1.5%
Data source: Morningstar. Past performance is not a guide to future performance.
This was also reflected in our latest sector analysis.
Most of the sectors we regularly report on went up in June, but there were some significant exceptions. The three UK equity sectors went down. UK All companies fell by 1.1%, UK Equity Income lost 1.2%, and UK Smaller Companies finished the month down 1.7%.Pune Stock
The European sectors also went down, as did North American Smaller Companies, and China/Greater China. However, the Latin America sector suffered the biggest loss, falling by 5.7%.
On a more positive note, the North America sector went up by 3.6%, as did Global Emerging Markets. Asia-Pacific excluding Japan rose by 4.1% and Technology & Technology Innovations made 6.4%.
The India/Indian Subcontinent sector beat them all, rising by 8.0%.
Mumbai Stock Exchange