Nifty Midcap 150 outperformed all major indexes in September by rising 3.04 per cent. It rose by 12.98%, 33.37%, 29.92% in the last three months, six months and one year, respectibely.
In September 2023, Indian stock markets exhibited a positive trend, highlighted by a 2% increase in the Nifty 50 index, with midcap indices taking the lead, surging by 3%.
In the US market, the S&P 500 and NASDAQ 100 both experienced a 5% decline in September 2023, with the Information Technology (IT) sector once again being the primary contributor to S&P 500’s fall.
Globally, both emerging and developed markets saw negative performance, with declines of 4% and 3%, respectively.
South Korea witnessed the most significant drop at 5%, while Germany led the decline in developed markets with a 6% decrease.
Crude oil prices surged by 9% during September, raising concerns about potential impacts on inflation, fiscal balances, and current account deficits.
On the commodities front, precious metals faced declines, with gold and silver prices falling by 4% and 5%, respectively. In contrast, cryptocurrencies like Bitcoin and Ethereum registered gains of 4% and 2%, respectively.