Stock Market today: Among various asset classes the Year to date returns of commodities as Gold, silver to copper have beat returns given by Stock market indices as Nifty 50, and Sensex during 2024
As per the data compiled by experts as Anuj Gupta, Head of Commodity & Currency at HDFC Securities, the year to date Return of Gold, Silver and Copper and Natural gas varied from 9.6% to 53.66% on the MCX (Multi Commodity Stock Exchange.
These returns have significantly outpaced the returns given by the Nifty -50 index and the S&P BSE Sensex.
Retuns by key Indices
The stock Markets though have given very good returns to the investors in most part of 2024, barring the volatility seen in the markets during the last quarter of the calender year. The volatility was led by the selling by Foreign postfolio investors and some some concerns on valuations that meant that the over all returns by the indices also got limited.
The returns by the Nifty 50 Index though still remained impressive at 8.68%, while those by Sensex too stand at 8.03, the returns by the Bank Nifty that remained volatile got limited to 5.32% year to date in 2024.
These returns by the key stock market indices have lagged returns by commodities as Gold, Silver, Copper and Natural Gas.
Returns by Key commodities during 2024
While Natural Gas prices saw major rise and gained 53.66% year to date, giving maximum returns to the investors, the returns by precious metals Gold and silver to have remained impressive at 20.85% and 17.24% respectively. The demand for the precious metals remained strong led by geopolitical tensions, uncertanities on interest rates among other factors. Among others Copper prices too are up around 9% year to date. All these commodities have beaten the returns by tehe stock market indices. Crude price stand among few exceptions and Crude price though had seen sharp rallies in between, but year to date retruns stand at 2.36% only.
Comparatively returns by various asset classes in 2024 ytd
Nifty 50 index +8.68% year to date
Sensex 8.03% year to date
Gold – 20.85% year to date
Silver 17.24% year to date
Crudeoil 2.36% year to date
Copper 9.60% year to date
Natural Gas 53.66% year to date
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
