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Despite these names giving stellar returns, the year 2019 has not been an exciting
The first six months of 2019 were exciting for equity markets as benchmark indices climbed new peaks during this period. Sensex hit a record high at 40,312 and Nifty surged to its life-high of 12,103 earlier in June. In the first half of the current year, investors’ wealth grew around 6 lakh crore. The average market capitalization of the BSE-listed companies grew from Rs 144.48 lakh crore on December 31, 2018, to Rs 150.47 lakh crore on June 21, 2019. Sensex rose over 3,000 points or 8.67 percent while Nifty rose nearly 8 percent from in the same period.
After suffering double-digit cuts in 2018, the S&P BSE Midcap index fell 5.2 percent while the S&P BSE Smallcap index was down 4.2 percent in the first six months in 2019.
But, some stocks outperformed the benchmark and broader indices and turned out to be wealth creators for their investors. More than 100 BSE500 stocks outperformed the benchmark in the first half of 2019. Despite these names giving stellar returns, the year 2019 has not been an exciting one for investors who invested heavily in the small & midcap space.
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