The Nifty 50 closed positive in November six of the past 10 years, delivering an average return of around 2% over the period, according to historical data analysis. In comparison, mid-cap and small-cap stocks have recorded positive returns more frequently, with the Nifty Midcap 100 closing higher in eight of 10 years and the Nifty Smallcap 100 in seven years. The Nifty Midcap 100 delivered an average return of 2.7% in November, while the Nifty Smallcap 100 averaged 2% over the 10-year period, as reported by market data analysis.
Within the Nifty 50, positive returns of more than 3% were recorded in November in 2018, 2020, 2022 and 2023. Among sectoral indices, the banking and IT indices recorded positive returns in eight of the past 10 years in November, the highest frequency among sectors listed. The banking index delivered average returns of 3.8%, while the IT index averaged 2.7%. Real estate followed with average returns of 3%, closing higher in seven of the 10 years. The metal index recorded average returns of 3.3%, though it ended in positive territory in only five of the 10 years, as reported by market data analysis. FMCG and pharma delivered comparatively modest average returns of 0.6% and 0.4% respectively, with both indices closing higher in five and four years respectively.
Among individual stocks, AB Capital and Adani Green recorded the highest average returns in the positive-return list, at 13.4% and 13% respectively. Both stocks closed in positive territory in the month in at least seven of the 10 years, with average gains exceeding 8%. Vodafone Idea followed with average returns of 12.1%, while Varun Beverages delivered 10.9%. Uno Minda and KEI Industries each recorded average returns of 9.6%, and Indus Towers posted average returns of 8.6%. Adani Energy and Union Bank each delivered 8.3%, and Hindustan Aeronautics completed the list with average returns of 8%. These stocks met the criteria of closing higher in seven or more of the 10 years in November and delivering average positive returns exceeding 8%, according to the data provided.
On the negative side, Coal India recorded the weakest average return among the stocks listed, at 2.5% decline. Suzlon followed with negative returns of 2.2%, while Container Corporation of India posted a loss of 1.6%. Cipla and Colgate recorded average declines of 1.5% and 1.4% respectively. These stocks closed in negative territory in at least seven of the 10 years in November and recorded average negative returns exceeding 1%. The historical data indicates that the frequency of positive returns and the average return are not necessarily aligned, as evidenced by metal stocks posting higher average returns than banking stocks despite closing higher in fewer years.
