Mumbai, 7 June (IANS). In May last month, the Nifty Micro -250 index made a strong performance, registering a growth of 12.10 percent. At the same time, the Nifty Smallcap 250 also recorded a great increase of 9.59 percent. This information was given in a report on Saturday.
The latest ‘Global Market Snapshot’ report of Asset Management Company Motilal Oswal said that the broader market was positive throughout the month, in which small companies led the fast.
In the last one year, the Nifty Microcap 250 increased by 13.74 percent and the Nifty Smallcap 250 increased by 7.72 percent, which reflects investors’ constant interest in micro and small-cap stocks.
In May, the second major indices also recorded an increase. The benchmark Nifty 50 increased by 1.71 percent, while the Nifty Next 50 and the Nifty Midcap 150 increased by 3.49 percent and 6.30 percent respectively.
The Nifty 500 index increased by 3.50 percent, which was supported by strong performance in sectors such as industrial, consumer discretionary and financial service.
The defense sector emerged as the best performing sector, which alone recorded a rapid growth of 21.84 percent in May and recorded a 30.78 percent increase compared to the previous year.
According to the report, all major areas except FMCG and utilities show positive trends. In which FMCG saw a slight decline of 0.09 percent and 0.04 percent in utilities.
Factor-based investment strategies also gave stable returns. The speed and quality index increased by 5.40 percent and 4.82 percent, while the enhanced value and low volatility increased by 4.20 percent and 1.39 percent respectively.
Talking about commodities, gold saw a decline of 0.74 percent in May, as geopolitical tension, especially the tension between the US and China, decreased, decreasing the demand for gold as a safe investment.
The report states that in May, investors confident in the broad market, which saw a strong participation in the mid, small and micro-cap segment.
Analysts believe that this trend reflects optimism towards domestic economic development, sector-specific strength and favorable global signals.
-IANS
SKT/
