Nifty Next 50 rose by 6.68% in February 2024 and 58.36% in a year

Nifty Next 50 rose by 6.68% in February 2024 and 58.36% in a year: Motilal Oswal Asset Management Company

 

  • Nifty 50 rose 1.18%
  • Nifty 500 rose 1.45%
  • Nifty Midcap 150 declined by 0.30%
  • Nifty Smallcap 250 has declined by 0.65%
  • Nifty Microcap 250 has declined by 1.39%

According to Motilal Oswal Asset Management Company's Global Market snapshot report, In February 2024, Nifty Next 50 has emerged as a best performing index with a growth of 6.68%, exhibiting consistent performance. The index has seen consecutive growth during last 3 Months, 6 Months and 1 year of 22.85% ,32.8% & a 58.36% respectively.

 

Meanwhile, the midcap, small cap and microcap indices experienced a decline of 0.3%, 0.65%, and 1.39% respectively.

 

After showing negative growth in January 2024, Nifty 50 showed positive growth of 1.18% in February 2024.

 

The realty sector maintained its upward trajectory and surged by 6.3%, leading as the top performer, while the FMCG index saw a 1.9% decline, marking it as the worst performer 

 

Once again, all the factor-based investment strategies yielded positive returns. The Value factor took the lead with a notable increase of 4.4% for the month, followed by the Quality factor with 3.4% gain.

  

The Consumer Discretionary, Energy and IT sectors were the top three contributors to the overall returns of Nifty 500, resulting in a positive impact of 1.3%

 

Global Market Update

 

In the US, S&P 500 and NASDAQ 100 both experienced 5.2% and 5.3% gains respectively in February 2024 with the Information Technology sector once again being the largest contributor to the S&P 500's rise. China led the emerging markets with a robust recovery, achieving an 8.4% growth, while Germany emerged as the top performer among developed markets with a 3.9% increase.

 

Crude oil prices surged for the second consecutive month, climbing by 2.8% in February due to expected production cuts by OPEC, rising Red Sea tensions and conflict in the Middle East. Gold & Silver prices witnessed a fall of 0.3% and 3.3% respectively

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