With 19% return, Sensex emerged top performer among Asia-Pacific peers in 2023: Geojit Financial Services

Indian indices featured at the sixth spot in the ranking with a three-year CAGR of 14.8 per cent, and the fifth position with a five-year CAGR of 13.2 per cent, according to Geojit.

Capital markets across the world clocked an average return of 20.1 per cent in 2023, the highest in more than seven years. That milestone was reached even as the world continued to face the prominent headwinds of rising geopolitical rifts and nervousness around the key policy decisions by the world’s most developed economy.

According to a report by Geojit Financial Services, titled World Equity Indices Screener “Around the World in 5 Minutes” CY - 2023, key indices in 11 out of 45 countries finished the year near more than five-year highs or all-time highs. And Sensex, with a one-year return of 18.7 per cent —its best year since 2021 and second-best since 2017, stood at the 15th spot among the 45 gauges.

The 30-scrip Dalal Street benchmark was at the top position among its peers the Asia-Pacific region, according to the brokerage.

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Here are some other highlights of the report:

Five top performing global indices in 2023

Stock index	1-year return change in % terms
Argentina’s Merval	360
Nigeria’s NSE	45.9
Poland’s WIG	36.5
Turkey’s BIST-100	35.6
Japan’s Nikkei	28.2

Five worst performing global indices in 2023

Stock index	1-year return change in % terms
Thailand’s SET	-15.15
Hong Kong’s Hangseng	- 13.8
Colombia’s Colcap	-7.1
Finland’s Helsinki	-6.4
China’s Shanghai Comp.	-3.7

India at sixth spot in terms of three-year CAGR

Indian indices featured at the sixth spot in the ranking with a three-year CAGR of 14.8 per cent, and the fifth position with a five-year CAGR of 13.2 per cent, according to Geojit.

Thirty nine out of the 45 indices tracked registered an average return of 4.4 per cent in December.

The Sensex index finished the last month of 2023 7.84 per cent stronger, its 6th best gain in more than 5 years.

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