Nifty Microcap 250 and Nifty Smallcap 250 indices rebounds at 10.6% and 10.5% respectively in April: Motilal Oswal Asset Management Company
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According to Motilal Oswal Asset Management Company’s Global Market snapshot report, Nifty Microcap 250 and Nifty Smallcap 250 have emerged as best performing Index, with an impressive growth of 10.6% & 10.5% in the month of April respectively.
The Nifty Microcap 250 Index has seen a drastic change in performance and has surged from a 2.26%, 29.67% & 86.82% growth during last 3 Months, 6 Months and 1 year.
The Nifty Smallcap 250 Index has been performing well has given a 5.11%, 31.68% & 68.57% growth during last 3 Months, 6 Months and 1 year.
The Nifty Next 50 as well has seen a consistent growth of 17.36%, 47.44% and 64.25% during the last 3months, 6months and 1 year.
On a whole, all the broad-based indices began FY2025 with positive performance.
The metal sector continued its upward trajectory and surged by 11.1%, leading as the top performer . Realty sector has also shown consistent growth of 8.06% in the month of April while a 13.67%, 61.40% and 118.66% during the last 3months, 6months & 1year. The Energy & Auto sector as well has seen a 3.45% & 4.95% growth in the month of April, whilst a 70.08% & 70.44% over the past year.
All the factor-based investment strategies exhibited positive returns. The Value factor took the lead with a notable increase of 9.9% in the month of April and a 90.43% growth over the past year. The momentum factor in the month of April has witnessed a gain of 5.84% and a 68.66% growth over the year.
The Financial Services, Consumer Discretionary and Commodities sectors were the top three contributors to the overall returns of Nifty 500, resulting in a positive impact of 2.8%. IT sector was the only negative contributor with -0.5% return.
Global Market Update
In the US, S&P 500 and NASDAQ 100 both experienced a decline of 4.2% and 4.5% respectively in April 2024. China led the emerging markets with a growth of 6.6%, while the UK stood as the sole positive performer among developed markets, with a rise of 1.1%.
In April, crude oil prices found stability amid easing Israel-Iran tensions, expected US rate cut delays, and prospects of a Middle East cease-fire. The gray metal outshone its yellow counterpart, surging 8.6% on the back of rising industrial demand and ongoing geopolitical uncertainties. Bitcoin experienced a 14.9% decline, while Ethereum saw a drop of 17.4%, signaling a corrective phase in the cryptocurrency market.
Quick Take
Monetary policy actions have led to a drop in India's annual retail inflation, reaching 4.85% in March 2024, the lowest since May 2023. Buoyed by strong expansion in both the manufacturing and services sectors, the composite PMI surged to 62.2 in April 2024, marking its most rapid pace since June 2010. GST revenue collection soared to a historic milestone, surpassing Rs. 2 lakh crores for the first time ever, reaching an impressive Rs. 2,10,267 crores.
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