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According to Motilal Oswal Asset Management Company’s Global Market snapshot report, Nifty Microcap 250 & Nifty Smallcap 250 have emerged as best performing index with an impressive growth of 11.56% & 7.90% in the month of June respectively.

The Nifty Microcap 250 Index has seen a drastic change in performance and has surged from a 21.51%, 23.48% & 75.24% growth during last 3 Months, 6 Months and 1 year, respectively. The Nifty Smallcap 250 Index has been performing well & has given a 19.40%, 21.86% & 62.28% growth during last 3 Months, 6 Months and 1 year, respectively.

Nifty Midcap Index has shown growth of 7.89% in the month of June and shown 17.26%, 21.99%, 55.45% growth in last 3 months, 6 months, and 1 year, respectively. Nifty 500 Index has shown growth of 6.90% in the month of June and shown 11.38%, 16.11%, 37.31% growth in last 3 months, 6 months, and 1 year, respectively. Nifty Next 50 Index has shown growth of 5.92% in the month of June and shown 17.98%, 34.08%, 63.48% growth in last 3 months, 6 months, and 1 year, respectively. Nifty 50 Index has shown growth of 6.57% in the month of June and shown 7.54%, 10.49%, 25.13% growth in last 3 months, 6 months, and 1 year, respectively.

On a whole, all the broad-based indices began have depicted a positive performance

All sectoral indices posted positive performances, with the IT sector rebounding from its prolonged slump to lead with a return of 11.7% followed by Consumer Durable at 9.19%.

The Realty and Auto Sector too have seen a positive growth of 8.37% and 7.60% respectively. However, reality sector shown growth of 112.45% in 1 year.

Energy sector has shown growth of 3.81% in the month of June. However, during the span of last 1 year it has shown growth of 69.21%

Banking and Healthcare however have seen a similar growth of 6.86% & 6.62%.

Metal on the other hand has seen a slump in growth at just 0.93% for the month of June.

During the volatile election month, the Low Volatility factor stood out as the best performer, rising by 6.6% followed by Quality factor at 4.12% Momentum & Enhanced value factor have however seen a similar growth of 3.33% & 3.10%.

All sectors contributed positively to the Nifty 500, with Financial Services, Consumer Discretionary, and IT being the top three, collectively adding 4.3% to its gains

Global Market Update 

In the US, the S&P 500 and NASDAQ 100 continued its positive performance, delivering returns of 3.5% and 6.2%, respectively.Taiwan continued to be the best emerging markets with a growth of 11.5%, while Brazil stood as the worst performer with a fall of 4.5%. France was the worst performer in the developed markets segment and witnessed a fall of 7.7%

Crude oil prices increased by 5.9% in June, following the surge in global demand, geopolitical tension in the Middle east and seasonal weather patterns.  Silver lost its luster, experiencing a 6% decline, while gold held steady without significant change. Bitcoin and Ethereum both fell by 10.6% and 10.2% respectively.

 Quick Take

Monetary policy actions have consistently driven down annual retail inflation in both the US and India. Both FIIs and DIIs remained net buyers, capitalizing on the volatility of the election month by deploying a total of Rs. 56,986 crores across equity and debt segments.  Unemployment hit a seven-month peak at 8.9%, spurred by a notable increase in rural joblessness.

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