Did Nifty Midcap 150 and Nifty 50 Become the Top Performers in October?
Synopsis
Key Takeaways
- Nifty Midcap 150 rose by 4.79% in October.
- Nifty 50 increased by 4.51%.
- All market cap segments showed positive returns.
- Realty sector gained 9.2%.
- Inflation eased, supporting RBI's policies.
New Delhi, Nov 8 (NationPress) The Nifty Midcap 150 and Nifty 50 have distinguished themselves as the leading performers in all market segments throughout October, achieving increases of 4.79 percent and 4.51 percent, respectively, according to a report released on Saturday.
Every market capitalization segment, including large, mid, small, and microcaps, experienced favorable returns as the Nifty 500 advanced 4.29 percent, while the Nifty Next 50 increased by 2.92 percent, as reported by Motilal Oswal Mutual Fund.
Simultaneously, the Nifty Microcap 250 and Nifty Smallcap 250 witnessed substantial growth, with increases of 3.93 percent and 3.72 percent during the month.
In terms of sectors, real estate outperformed with a remarkable gain of 9.2 percent, driven by consistent housing demand, and the report emphasized that all sectors yielded positive returns.
The midcap benchmark, the Nifty Midcap 150, has recorded growth rates of 3.21 percent, 10.93 percent, and 5.60 percent over the last three months, six months, and one year, respectively, as noted by the fund house.
Meanwhile, the large-cap benchmark, Nifty 50, surged by 3.85 percent, 5.70 percent, and 6.27 percent within the same timeframe, according to the report.
The Nifty 500 climbed 3.47 percent, 7.63 percent, and 4.50 percent over the specified periods.
The IT index rose by 6.11 percent but still remains down by over 11 percent year-on-year. Banking stocks showed continued strength, with the Bank Index increasing by 5.75 percent in October and posting growth of 3.24 percent, 4.88 percent, and 12.24 percent across the three-month, six-month, and one-year periods, respectively, as stated in the report.
The defence sector maintained its strong long-term trend, rising by 3.63 percent in October. This sector has shown impressive gains of 4.61 percent, 14.12 percent, and 28.17 percent over the specified time frames, the report highlighted.
The fund house pointed out that inflation has dropped sharply, which supports the RBI's decision to maintain its current policy stance, while GST collections have remained strong, indicating resilient domestic activity.