Global Market Snapshot Report Sept 2023 : Motilal Oswal AMC
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• Nifty 50 rose by 2.00%
• Nifty Next 50 rose by 1.40%
• Nifty Midcap 150 and Nifty Smallcap 250 rose by 3.04% and 2.51%, respectively.
• Nifty 500 rose by 2.18%
• Enhanced Value rose by 10.13% in Sept.
According to Motilal Oswal Asset Management Company (MOAMC)’s Global Market Snapshot
report, Nifty Midcap 150 outperforms all major indexes in September by rising 3.04%. It has rose by
12.98%, 33.37%, 29.92% in last 3 Months, 6 Months and 1 year respectively. Similarly, Nifty
Smallcap 250 has also performed well during the same period rose by 15.99 %, 39.17%, 32.96% in
last 3 Months, 6 Months and 1 year, Respectively. Indian stock markets exhibited a positive trend,
highlighted by a 2% increase in the Nifty 50 index
All sectors including auto, banks, consumer durables FMCG, healthcare witnessed the positive
performance. The Energy sector outperformed all others, surging by 6% during the month.
Factor-based investment strategies, including Momentum, Low Volatility, Quality, and Value, all
delivered positive returns for September. Notably, the Enhanced Value factor led the way with a
significant 10% increase in the month of Sep and rose by 19.37%, 32.31%, 51.48% in last 3 Months, 6
Months and 1 year, respectively.
The Financial Services sector continued to play a pivotal role in driving returns for the Nifty 500
index, contributing 0.63% to the overall 2.18% gain for the index in September 2023.
Global Market Update
In the US market, the S&P 500 and NASDAQ 100 both experienced a 5% decline in September 2023,
with the Information Technology (IT) sector once again being the primary contributor to the S&P
500's fall. Globally, both emerging and developed markets saw negative performance, with declines
of 4% and 3%, respectively. South Korea witnessed the most significant drop at 5%, while Germany
led the decline in developed markets with a 6% decrease.
Crude oil prices surged by 9% during September, raising concerns about potential impacts on inflation,
fiscal balances, and current account deficits. On the commodities front, precious metals faced
declines, with gold and silver prices falling by 4% and 5%, respectively. In contrast, cryptocurrencies
like Bitcoin and Ethereum registered gains of 4% and 2%, respectively.
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