Indian equity markets continued their upward trajectory in August, with all major indices delivering positive results. The Nifty 500, in particular, rose 12.47 per cent during the month, showing strong momentum, noted Motilal Oswal Asset Management Company’s Global Market Snapshot report.
The Nifty smallcap 250 is up 1.24% in the month of August, 16.28% in the past 3 months, 21.42% in the past 6 months and 52.29% in the year. The Nifty Microcap 250 is up 1.17% in the month of August, 21.60% in the past 3 months, 24.20% in the past 6 months and 58.01% in the last year. The Nifty 50 is up 1.14% in the month of August, 12.01% in the past 3 months, 18.14% in the past 6 months and 40.24% in the last year.
The Nifty 500 has grown by 12.47% in the last 3 months, 22.23% in the last 6 months and an annual growth change of 54.60%.
The Nifty Next 50 has shown a growth of 11.48% in the last 3 months, 27.61% in the last 6 months and 69.49% in the last one year.
The Nifty Midcap 150 has risen by 13.55% in the last 3 months, 22.96% in the last 6 months and 49.22% in the last one year.
The healthcare and information technology sectors continued their upward trajectory and posted returns of 5.50% and 4.74% respectively, while the real estate sector was the worst performer in August 2024 with negative returns of -3.69%. However, it has shown a growth of 88.65% over the past year. In contrast, the banking and metal sectors have posted negative returns of -0.39% and -1.86% respectively. After experiencing a streak of positive returns for three and six consecutive months, the automobile and energy sector faced a setback in August with a decline of -1.92% and -0.75%.
The Momentum and Low Volatility strategies have generated positive returns consecutively over the past 3 months, 6 months and 1 year, while the Value and Quality strategies experienced negative returns of -0.73% and 0.26% respectively.
Nifty 500 gains were driven mainly by IT, healthcare and financial services sectors, while industrials contributed the least.
First published: September 6, 2024 | 9:51 am IS
Disclaimer
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.