Nifty 50 gained 1.91% in October, outperforming other market-cap segments: Motilal Oswal Mutual Fund
* Nifty 50 gained 1.91% in October 2026
* Nifty Next 50 declined 2.92%
* Nifty Midcap 150 declined 3.75%
* Nifty Smallcap 250 declined 5.81%
* Nifty Microcap 250 declined 8.95%
* Nifty 500 declined 0.80%
According to Motilal Oswal Mutual Fund's Global Market Snapshot report, the Nifty 50 gained 1.91% in October, while the other market-cap indices recorded declines. The Nifty Next 50 fell 2.92%, while the Nifty Midcap 150 declined 3.75%. The Nifty Smallcap 250 and Nifty Microcap 250 fell 5.81% and 8.95%, respectively. The Nifty 500 declined 0.80% over the month. Overall, the Nifty 50 was the only index among the market-cap indices covered in the snapshot to record positive returns over the one-month period ending October 31, 2026.
Nifty 50 gained 1.91% in October, while broader market-cap indices declined, with Microcaps (-8.95%) and Smallcaps (-5.81%) witnessing sharper falls than Midcaps (-3.75%) and Nifty Next 50 (-2.92%).
Among sectors, IT emerged as the strongest-performing sector in October, gaining 17.69% over the month. Healthcare also recorded a gain of 1.93%, followed by Bank, which rose 0.10%. On the other hand, Metal declined 7.65%, recording the steepest fall, followed by Defence, which fell 6.17%. Consumer Durables declined 5.74%, while Energy and Realty fell 4.58% and 3.95%, respectively. Auto declined 3.31%, while FMCG fell 2.02%. Overall, three of the ten sectors recorded positive returns in October, with IT leading the gains and Metal posting the steepest decline.
Among factor indices, Low Volatility recorded the smallest decline in October, falling 0.79% over the month. Momentum declined 2.41%, while Quality fell 2.73%. Enhanced Value recorded the steepest decline of 2.90%. Overall, all four factor indices ended lower in October, with Low Volatility witnessing the least decline and Enhanced Value posting the largest fall.
Nifty 500 declined 0.80%, with Industrials (-0.54%), Commodities (-0.54%) and Consumer Discretionary (-0.42%) the largest drags on return contribution. IT (+0.99%), Telecommunication (+0.32%) and Healthcare (+0.10%) were the only sectors with a positive contribution.
Global Market Update
US equities recorded mixed performance in October. The Dow Jones Industrial Average gained 1.70%, while the S&P 500 declined 0.93% and the Nasdaq 100 fell 6.65%. Over the past year, the S&P 500 delivered the strongest gain of 10.82%, followed by the Nasdaq 100 at 9.77% and the Dow Jones Industrial Average at 8.85%.
Information Technology and Communication Services weighed on the index return, contributing -2.77% and -1.49%, respectively, while Health Care contributed positively, adding 0.92%, and Financials added 0.67%.
In emerging markets, all markets declined during October, with Korea recording the steepest fall of 15.57%, followed by Brazil and Taiwan, which declined 12.11% and 8.37%, respectively. China fell 7.17%, while South Africa declined 4.14%. In developed markets, Switzerland led the gains, rising 8.32%, followed by the UK, which gained 2.25%. On the other hand, Japan and France declined 4.18% and 1.73%, respectively. Overall, emerging markets recorded broad-based declines, while developed markets remained mixed during the month.
Crude oil rose sharply by 15.15% over the month to $104.12 a barrel. Gold, on the other hand, declined 6.30% to $3,913 an ounce, while the Indian rupee strengthened against the US dollar, with USD/INR moving lower by 0.92% to close at 94.95. Meanwhile, crypto markets declined, with Ethereum falling 9.65% and Bitcoin declining 7.51% over the month, although both remained lower over the preceding one-year period.
Quick Take
India: CPI inflation rose to 5.54% from 4.83%, while the repo rate was raised to 5.50% from 5.25% and the 10 year yield rose to 7.40% from 7.16%.
FII remained net sellers with outflows of ?24,475 cr, against outflows of ?58,443 cra month ago, while DIIs recorded net outflows of ?28,943 cr.
United States CPI inflation rose to 3.70% from 3.40%, while the Fed held its target rate steady at 4.00%.
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