Mumbai, May 10 (IANS). Indian equity markets performed strongly in April last month, with the Nifty Midcap index gained 3.94 percent as a top protestor, while the Nifty Smallcap index recorded a 1.69 percent increase. This information was given in a report on Saturday.
According to data compiled by Motilal Oswal Asset Management Company, it reflects the continuous interest of investors in mid and small-cap stocks amid wider market optimism.
Benchmark Nifty also performed strongly, which increased by 3.46 percent in April, while the Nifty Next 50 increased by 2.32 percent.
Nifty 500 index rose 3.24 percent due to continuous benefits in sector and energy sector related to financial service, consumer goods and services.
According to the report, the Nifty MicroP 250 also participated in the rally, with a gain of 1.28 percent.
The main attraction of April was the Defense Sector, which increased by 1.49 percent and gave an impressive return of 32.03 percent as compared to the previous year.
The Information Technology (IT) sector saw a slight decline of 0.27 per cent, while commodities declined by 0.07 per cent, affected by the global market adverse conditions and sector-specific concerns.
Factor based indices like Momentum and Quality continued to give stable returns.
Meanwhile, the increased value and low volatility index also went up and the government bond indices recorded a slight advantage, which indicates stability in the fixed income sector in the 5-year-old and 10-year G-Sek benchmarks.
American markets performed mixed globally. The S&P-500 declined a slight decline of 0.21 percent, as the increase in IT and consumer goods was compensated by the loss of energy and healthcare.
Nasdaq 100 increased by 1.5 percent, while Dow Jones Industrial Average declined by 2.2 percent.
-IANS
SKT/ABM
