Small caps continue to outperform as Nifty Microcap 250, Nifty Smallcap 250 surged over 10% in April
Nifty Microcap 250 and Nifty Smallcap 250 had significant growth in April 2024, with impressive performance over the last year. Nifty Next 50 maintained positive momentum, while US markets experienced declines.
Indian markets witnessed significant growth in the first month of FY25 with various indices indicating positive trends. Meanwhile, Nifty Microcap 250 and Nifty Smallcap 250 emerged as the best performing indices, exhibiting impressive growth rates of 10.6% and 10.5% respectively,showed Motilal Oswal Asset Management Company report.
Additionally, the Nifty Next 50 index showed consistent growth, indicating a robust start to FY 2025. Let's delve deeper into the sector-wise performance and global market trends for the month of April.
Index Performance
The Nifty Microcap 250 Index witnessed a remarkable surge of 10.6% in April, continuing its impressive performance over the last three months, six months, and one year, with growth rates of 2.26%, 29.67%, and 86.82% respectively.
Similarly, the Nifty Smallcap 250 Index also showed strong growth, with a 10.5% increase in April and growth rates of 5.11%, 31.68%, and 68.57% over the last three months, six months, and one year.
The Nifty Next 50 Index maintained its positive momentum, registering growth rates of 17.36%, 47.44%, and 64.25% during the last three months, six months, and one year respectively.
Sector Performance
- The metal sector continued its upward trajectory, emerging as the top performer with a growth rate of 11.1% in April.
- The realty sector also showed consistent growth, recording an 8.06% increase in April and impressive growth rates of 13.67%, 61.40%, and 118.66% over the last three months, six months, and one year respectively.
- The energy and auto sectors witnessed growth rates of 3.45% and 4.95% in April, with impressive growth rates of 70.08% and 70.44% over the past year.
Contribution to Nifty 500 Returns
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%. However, the IT sector was the only negative contributor, with a return of -0.5%.
Global Market Trends
In the US, both the S&P 500 and NASDAQ 100 experienced declines of 4.2% and 4.5% respectively in April 2024. Among emerging markets, China led with a growth of 6.6%, while the UK stood as the sole positive performer among developed markets, with a rise of 1.1%.
Economic Indicators
Monetary policy actions 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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