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• Nifty 50 rose 3.53%

• Nifty Smallcap 250 rose 6.36% and Nifty Midcap 150 clocks 6.16%

• Momentum and value strategies recorded gains of 4%

• Nifty 500 rose 4.21%

According to Motilal Oswal Asset Management Company (MOAMC)’s Global Market Snapshot report, Nifty Smallcap 250 and Nifty Midcap 150 outperformed all major indexes clocked gained 6.36% and 6.16%, respectively in June. As per MOAMC’s report Nifty Smallcap 250 and Nifty 150 rose to 19.99% and 18.05% respectively in Q1FY24. The NIFTY 50 reached a new milestone, surging past the 19,000-level to set a fresh all-time high surpassing its previous peak in December 2022.

Notably, the realty sector continued its aggressive upward movement and rose 9% conversely, the IT sector remained relatively flat, while the Healthcare sector rose 9%.

All factor strategies closed in green with low volatility and quality factors rising by 3%, while momentum and value strategies recorded gains of 4%

All sectors made a positive contribution to the NIFTY 500 with the financial services sector making the most significant impact on overall returns.

Global Market Update

Both Emerging and Developed markets delivered positive performance, with Brazil emerging as a standout performer, surging by an impressive 15%. Within the US market, the NASDAQ 100 and S&P 500 indices recorded solid gains of 6% with the IT sector remaining a prominent contributor to overall returns of S&P 500.

The oil market witnessed a significant surge in prices following the IEA's bullish demand forecast, coinciding with the US Federal Reserve's decision to pause rates. In contrast, the Bullion market experienced a decline in gold and silver prices. The crypto market showed signs of recovery, as Bitcoin crossed the 30,000 milestones once again, marking a notable 12% rise in June.

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