Nifty Next 50 outperforms NSE’s benchmark, jumps over 47% in a year: Report [Video]

Nifty Next 50 outperformed the National Stock Exchange’s benchmark in the past one year amid economic uncertainty and mixed economic signals, according to a report on Monday.

As per the Motilal Oswal Asset Management Company’s Global Market snapshot report, Nifty Next 50 showed a growth of 1.17 per cent in November and 47.29 per cent growth in the past one year, while Nifty 50 declined by 0.31 per cent in November but showed a growth of 19.86 per cent in past one year.

“Nifty Midcap 150 showed 0.14 per cent growth in November and 30.97 per cent growth in the past one year. Nifty Smallcap 250 saw a decline of 0.20 per cent in November and shown growth of 33.69 per cent growth in the past one year,” the report stated.

“Among sectoral indices, IT emerged as the top performer with a 6.8 per cent gain, followed by defence with …