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• One-year growth of Nifty Smallcap 250 was 85.12% however March Month witnessed -4.24% change
• One-Year growth of Nifty Microcap 250 was 63.07% however March Month witnessed -6.22% change
• One-Year growth of Nifty 150 was 56.50% however March Month witnessed – 0.37% change
• Nifty 50 rose 1.57%
• Nifty 500 rose 0.82%

According to Motilal Oswal Asset Management Company’s Global Market snapshot report, Nifty Next 50 has continued its streak as the top performer with a 2.8% growth. The index has seen consecutive growth during last 3 Months, 6 Months and 1 year of 13.65%, 34.61% & a 60.39% respectively.

Nifty Smallcap 250 and Nifty Microcap 250 indices has shown growth of 85.12% and 63.07% for the past year, respectively. However, these indices witnessed -4.24%, -6.22% change respectively for the month of March 2024.

The auto sector continued its upward trajectory and surged by 4.9%, leading as the top performer, while the IT index saw a 7.5% decline, marking it as the worst performer. Also, in FY24, the realty sector soared with a remarkable 132.5% return, securing its position as the top-performing sector of the year

All the factor-based investment strategies, except quality, yielded positive returns. The Momentum factor took the lead with a notable increase of 2.6%.

The Financial Services, Consumer Discretionary and Industrials sectors were the top three contributors to the overall returns of Nifty 500, resulting in a positive impact of 1.1%.

Global Market Update

In the US, S&P 500 and NASDAQ 100 both experienced 3.1% and 1.2% gains respectively in March 2024 with all the sectors contributing positively to the S&P 500’s rise. Taiwan led the emerging markets achieving an 6.6% growth, while Germany & UK emerged as the top performers among developed markets, each experiencing a 3.8% increase.

Crude oil prices surged for the third consecutive month, climbing by 6.3% in March. The recent surge has been due to Ukraine’s drone attack on Russian refineries and extended production cuts by OPEC. In March 2024, the yellow metal reached a new all-time high and witnessed a rise of 8.1%. In FY24, Bitcoin rose by 150.2% and Ethereum by 100%, showcasing notable growth in the cryptocurrency market.