Index Observer: How did Indices perform in 2023?

Published: January 4, 2024 at 6:00 am

We list the 2023 calendar year returns of 180 indices. (different asset classes, different geographies, predominantly Indian). Total returns have been used where possible. Note: The list is only meant to serve as trivia. It should not used to make investment decisions!  Winners here may turn losers after we start investing in them!

The year 2023 was great for most stock markets.  Top 10: Argentinan Idex MerVal, dominated by US punters, leads the table with 360% gains! See an earlier report: Did You Know 10-year SIP return of Merval Index is 36%

The remaining 9 are Indian sectoral Indices (returns rounded off. For exact returns, see table below):

  • S&P BSE SME IPO – TRI 96%
  • Nifty India Defence – TRI 91%
  • NIFTY PSE – TRI 82%
  • NIFTY REALTY – TRI 82%
  • S&P BSE Realty Index – TRI 80%
  • Nifty CPSE – TRI 76%
  • S&P BSE Industrials – TRI 71%
  • Nifty MidSmall IT & Telecom – TRI 70%
  • S&P BSE Capital Goods – TRI 68%

Bottom 10: (returns rounded off. For exact returns, see table below)

  • USD INR 0.5% (The exchange rate)
  • BEL-20 0.2% (Belgium Stock Index)
  • Straits Times -0.3% (Singapore Stock Index)
  • INDIA VIX -2%( The Stock Market Volatility Index)
  • KLSE Composite -3% (Malaysian Stock Index)
  • Shanghai Composite -4% (Chinese Stock Index)
  • Nasdaq Bank – 7%
  • Dow Jones Utility Average – 9% (US public utility companies – sectoral index)\
  • Brent Crude -10% (oil index)
  • Hang Seng -14% (Hong Kong Index)

Gold (INR): 14%

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Notable debt Indices:

  • Crisil 10 Yr Gilt Index 7.8%
  • I-BEX (I-Sec Sovereign Bond Index) 7.7%
  • CRISIL Composite Bond Index 7.3%
  • CRISIL Short Term Bond Index 7.3%
  • CRISIL Liquid Debt Index 7.1%
  • Crisil 91 Day T-Bill Index 7%
  • Crisil 1 Yr T-Bill Index 6.9%

Full list:

Index1 Year Return
MerVal360.0558
S&P BSE SME IPO – TRI96.1673
Nifty India Defence – TRI91.1055
NIFTY PSE – TRI82.2804
NIFTY REALTY – TRI82.0175
S&P BSE Realty Index – TRI80.1612
Nifty CPSE – TRI76.3749
S&P BSE Industrials – TRI70.6186
Nifty MidSmall IT & Telecom – TRI70.3729
S&P BSE Capital Goods – TRI68.1530
Nifty Microcap 250 – TRI67.3522
Nasdaq Computer66.4697
NIFTY SME EMERGE – TRI65.5042
Nifty Smallcap 50 – TRI65.4689
NIFTY500 Value 50 – TRI62.5984
S&P BSE PSU – TRI61.4753
Nifty200 Alpha 30 – TRI57.4951
Nifty Smallcap 100 – TRI56.6612
Nasdaq-10053.8053
Nifty MidSmall Healthcare – TRI52.7680
Nifty Midcap150 Momentum 50 – TRI52.4802
Nifty Midcap 50 – TRI51.4186
NIFTY Alpha Quality Value Low-Volatility 30 – TRI50.6933
Nifty High Beta 50 – TRI49.9250
Nifty MidSmall Financial Services – TRI49.4132
Nifty Smallcap 250 – TRI49.0936
S&P BSE Small-Cap – TRI48.8147
NIFTY AUTO – TRI48.7517
S&P BSE MidSmallCap – TRI47.9790
S&P BSE AUTO Index – TRI47.7114
Nifty Midcap 100 – TRI47.5502
Nifty Transportation & Logistics – TRI47.4052
S&P BSE 250 Small Cap – TRI47.2608
S&P BSE Mid-Cap – TRI47.2174
Nifty MidSmallcap 400 – TRI46.2101
Nifty Midcap Select – TRI45.9248
Nifty Tata Group 25% Cap – TRI45.5734
Nifty Midcap 150 – TRI44.6074
Nifty Dividend Opportunities 50 – TRI44.2677
S&P BSE 400 MidSmallCap Index – TRI44.0096
Nifty Mobility – TRI43.9069
Nifty Midcap Liquid 15 – TRI43.8519
Nifty Alpha 50 – TRI43.6151
Nasdaq43.4231
S&P BSE 150 MidCap – TRI42.4053
S&P BSE IPO Index – TRI41.7177
Nifty200 Momentum 30 – TRI41.7096
S&P BSE Consumer Discretionary Goods & Services – TRI40.1194
Nifty Infrastructure – TRI40.0760
Nifty India Digital  – TRI39.9936
NIFTY Alpha Quality Low-Volatility 30 – TRI39.3874
NIFTY Alpha Low-Volatility 30 – TRI39.0043
S&P BSE Health Care – TRI37.9713
Nifty Aditya Birla Group – TRI37.6145
S&P BSE Utilities – TRI36.9446
S&P BSE Power Index – TRI36.4487
S&P BSE METAL Index – TRI35.5000
Nifty Tata Group – TRI35.1950
Nasdaq Other Finance35.0229
Nifty India Manufacturing – TRI34.8681
NIFTY PHARMA – TRI34.7601
S&P BSE Sensex Next 50 – TRI34.7216
Nifty Mahindra Group – TRI34.4305
Nifty Healthcare Index – TRI33.9866
Nifty500 Multicap 50:25:25 – TRI33.7384
NIFTY PSU BANK – TRI33.2803
Nifty Financial Services Ex-Bank – TRI32.8606
NIFTY LargeMidcap 250 – TRI32.6583
NIFTY100 Quality 30 – TRI32.0274
Nifty100 Low Volatility 30 – TRI31.8749
Nifty Low Volatility 50 – TRI31.8520
NIFTY200 Quality 30 – TRI31.6713
S&P BSE Telecom – TRI31.4373
NIFTY50 Equal Weight – TRI31.0422
NIFTY FMCG – TRI30.7797
Nifty100 Equal Weight – TRI30.6843
Nifty Non-Cyclical Consumer – TRI30.6814
NIFTY COMMODITIES – TRI30.6509
NIFTY ENERGY – TRI30.5819
Nifty50 Value 20 – TRI29.7938
S&P BSE Fast Moving Consumer Goods – TRI29.6488
Nasdaq Industrial28.9348
NIFTY Midcap150 Quality 50 – TRI28.7170
S&P BSE 250 LargeMidCap 65:35 Index – TRI28.5985
S&P BSE Information Technology – TRI28.2830
Nikkei 22528.2422
NIFTY Quality Low-Volatility 30 – TRI28.2411
S&P BSE AllCap – TRI28.0971
Nifty India Consumption – TRI27.9562
Nifty Total Market – TRI27.9471
NIFTY NEXT 50 – TRI27.2368
NIFTY 500 – TRI26.9147
Taiwan Capitalization Weighted Stock Index26.8298
Nifty Growth Sectors 15 – TRI26.6732
S&P BSE 500 – TRI26.5464
S&P BSE Consumer Durables – TRI26.3955
NIFTY IT – TRI26.2983
Nifty100 Liquid 15 – TRI25.0993
Nifty Housing – TRI25.0897
Nifty500 Shariah – TRI24.9906
S&P BSE 250 LargeMidCap Index – TRI24.9101
S&P BSE LargeMidCap – TRI24.7955
NIFTY 200 – TRI24.6608
NIFTY Financial Services 25/50 – TRI24.6101
S&P BSE 200 – TRI24.4821
S&P BSE 500 Shariah – TRI24.1452
NIFTY MNC – TRI24.1040
Nifty Consumer Durables – TRI23.6943
S&P BSE GREENEX – TRI23.6719
S&P BSE CARBONEX – TRI23.4151
NIFTY100 ESG – TRI23.3596
Nasdaq Transportation23.3007
S&P BSE 100 – TRI23.2261
NIFTY100 Enhanced ESG – TRI23.1739
Nifty Shariah 25 – TRI22.2667
Bovespa21.9520
Madrid General21.5579
NIFTY 50 – TRI21.3002
NIFTY 100 – TRI21.2377
S&P BSE Sensex 50 – TRI21.1090
S&P BSE TECk Index – TRI21.1073
Nifty50 USD – TRI20.5950
S&P BSE Large Cap – TRI20.5925
S&P BSE SENSEX – TRI20.3273
DAX20.3112
NIFTY MEDIA – TRI20.2882
Nifty100 ESG Sector Leaders – TRI19.5910
NIFTY100 Alpha 30 – TRI19.5284
Nifty50 Shariah – TRI19.2402
NIFTY METAL – TRI19.1229
Seoul Composite18.7301
Dow Jones Trasportation Averag18.7198
S&P BSE Energy – TRI18.5065
IPC18.4104
CRISIL Hybrid 35+65 – Aggressive Index18.3935
S&P BSE Finance – TRI18.3714
S&P BSE OIL & GAS Index – TRI17.2987
CAC 4016.5193
Nifty Private Bank – TRI14.6258
Nifty Financial Services – TRI14.3081
CRISIL Short Term Debt Hybrid 60+40 Index14.0828
Gold-London AM (INR)14.0563
Dow Jones13.7034
Gold-London AM13.4218
Gold-International13.3374
NIFTY BANK – TRI13.2880
NIFTY OIL & GAS – TRI13.0995
Nifty Services Sector – TRI12.8127
Nasdaq Telecommunications12.2897
S&P BSE BANKEX – TRI12.1229
Dow Jones Composite Index11.7409
RTS Index11.6299
CRISIL Short Term Debt Hybrid 75+25 Index11.5135
NYSE10.9889
ATX9.8702
CRISIL Hybrid 85+15 – Conservative Index9.8286
All Ordinaries8.4163
Nasdaq Insurance8.2515
Crisil 10 Yr Gilt Index7.8171
I-BEX (I-Sec Sovereign Bond Index)7.7221
CRISIL Composite Bond Index7.2950
CRISIL Short Term Bond Index7.2646
CRISIL Liquid Debt Index7.1336
Crisil 91 Day T-Bill Index6.9951
Crisil 1 Yr T-Bill Index6.9550
Jakarta Composite6.1626
Swiss Market3.8063
FTSE 1003.7777
Nasdaq Biotechnology3.7371
RBI Reference Rate0.5594
USD INR0.4640
BEL-200.1783
Straits Times-0.3399
INDIA VIX-2.4550
KLSE Composite-2.7302
Shanghai Composite-3.7006
Nasdaq Bank-6.6713
Dow Jones Utility Average-8.8619
Brent Crude-10.1967
Hang Seng-13.8212