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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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