BSE Sensex Has a 70% Winning Ratio in December: Check the Interesting Details

On Tuesday, December 3, 2024, the BSE Sensex hovered around the 80,800 mark, gaining 0.67%. Leading the pack were Adani Ports, SBI, and Ultratech Cement as top gainers, reflecting robust investor sentiment.

December: A Historically Strong Month for Sensex

Performance Since 1998

December holds a unique position in the Sensex calendar. While July records a slightly higher positive percentage count (73%), December delivers the best average returns, standing at 3.02%.

• Positive Closures: The Sensex has ended December in the green 70% of the time since 1998.
• Best and Worst Returns:
  • Best Year: December 2003 saw the Sensex soaring by an impressive 15.74%.
  • Worst Year: December 2014 logged a negative return of 4.16%, marking its weakest performance.

Zomato Joins the BSE Sensex: Key Developments

Effective December 23, 2024, food delivery giant Zomato will be included in the 30-stock BSE Sensex, replacing JSW Steel.

Zomato’s Stellar Performance in 2024

• Share prices of Zomato have surged 126% this year, more than doubling in value.
• The inclusion reflects its growing market presence and strong investor confidence.

JSW Steel’s Subdued Year

• In contrast, JSW Steel delivered a modest 12.81% return in 2024, leading to its exclusion in the latest reconstitution by Asia Index Private Ltd, a BSE subsidiary.

Conclusion

The BSE Sensex continues to ride high, reflecting a combination of strong historical performance in December and structural changes like the inclusion of Zomato. As the month unfolds, market watchers remain focused on whether the index can sustain its historical December magic.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.