Small caps continue to outperform as Nifty Microcap 250, Nifty Smallcap 250 surged over 10% in April

Additionally, the Nifty Next 50 scale showed accordant growth, indicating a robust commencement to FY 2025. Let's delve deeper into the sector-wise show and planetary marketplace trends for the period of April.

Index Performance

The Nifty Microcap 250 Index witnessed a singular surge of 10.6% successful April, continuing its awesome show implicit the past 3 months, six months, and 1 year, with maturation rates of 2.26%, 29.67%, and 86.82% respectively. 

Similarly, the Nifty Smallcap 250 Index besides showed beardown growth, with a 10.5% summation successful April and maturation rates of 5.11%, 31.68%, and 68.57% implicit the past 3 months, six months, and 1 year.

The Nifty Next 50 Index maintained its affirmative momentum, registering maturation rates of 17.36%, 47.44%, and 64.25% during the past 3 months, six months, and 1 twelvemonth respectively.

Sector Performance

• The metallic sector continued its upward trajectory, emerging arsenic the apical performer with a maturation complaint of 11.1% successful April.
• The realty assemblage besides showed accordant growth, signaling an 8.06% summation successful April and awesome maturation rates of 13.67%, 61.40%, and 118.66% implicit the past 3 months, six months, and 1 twelvemonth respectively.
• The vigor and car sectors witnessed maturation rates of 3.45% and 4.95% successful April, with awesome maturation rates of 70.08% and 70.44% implicit the past year.

Contribution to Nifty 500 Returns

The fiscal services, user discretionary, and commodities sectors were the apical 3 contributors to the wide returns of Nifty 500, resulting successful a affirmative interaction of 2.8%. However, the IT assemblage was the lone antagonistic contributor, with a instrumentality of -0.5%.

Global Market Trends

In the US, some the S&P 500 and NASDAQ 100 experienced declines of 4.2% and 4.5% respectively successful April 2024. Among emerging markets, China led with a maturation of 6.6%, portion the UK stood arsenic the sole affirmative performer among developed markets, with a emergence of 1.1%.

Economic Indicators

Monetary argumentation actions led to a driblet successful India's yearly retail inflation, reaching 4.85% successful March 2024, the lowest since May 2023. Buoyed by beardown enlargement successful some the manufacturing and services sectors, the composite PMI surged to 62.2 successful April 2024, marking its astir accelerated gait since June 2010. 

GST gross postulation soared to a historical milestone, surpassing Rs. 2 lakh crores for the archetypal clip ever, reaching an awesome Rs. 2,10,267 crores.

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Published: 08 May 2024, 05:34 PM IST