Nifty Smallcap 250 outperforms all major indexes in July: Motilal AMC
* Nifty 50 rose 2.94%
* Nifty Smallcap 250 rose 7.69% and Nifty Midcap 150 rose 5.51%
* Factor strategies showed robust performance, with Value up 10%, followed by Low Volatility & Momentum at 5%, and Quality gaining 2%
* Nifty 500 rose 3.83%
According to Motilal Oswal Asset Management Company (MOAMC)’s Global Market Snapshot report, Nifty Smallcap 250 outperformed all major indexes clocked gain of 7.69%, followed by Nifty Midcap 150 at 5.51%.
Realty, Metals & Energy led the charge, rising 9% each. On the flip side, IT lagged with a modest 1% rise.
Factor strategies showed robust performance, with Value up 10%, followed by Low Volatility & Momentum at 5%, and Quality gaining 2%
All sectors, excluding the Diversified sector, contributed positively to the NIFTY 500 returns, with the financial services sector making the most substantial impact
Global Market Update
Both Emerging and Developed markets delivered positive performance, with South Africa emerging as a standout performer, surging by an impressive 13% Within the US market, the NASDAQ 100 and S&P 500 indices recorded gains of 4% & 3%, respectively. IT sector dominated S&P 500's gains
On the commodities side, the oil market witnessed a significant surge in prices of 16%, the highest since Jan-22. Silver & gold prices also rose by 8% & 3%, respectively The crypto market was an exception to the green wave, as Bitcoin & Ethereum fell by 4%, followed by the collapse of FTX, one of the largest global cryptocurrency exchanges.
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