New Delhi — The Nifty Midcap 150 and Nifty 50 emerged as the top-performing indices across all market segments in October, gaining 4.79 per cent and 4.51 per cent respectively, according to a report by Motilal Oswal Mutual Fund.
All market capitalisation segments — large, mid, small, and micro — recorded positive returns during the month. The Nifty 500 advanced 4.29 per cent, while the Nifty Next 50 rose 2.92 per cent. The Nifty Microcap 250 and Nifty Smallcap 250 also climbed 3.93 per cent and 3.72 per cent, respectively.
Among sectors, real estate led the rally with a 9.2 per cent gain, driven by sustained housing demand. All other sectors also posted positive returns.
The report highlighted that the Nifty Midcap 150 grew 3.21 per cent, 10.93 per cent, and 5.60 per cent over the past three months, six months, and one year, respectively. Meanwhile, the Nifty 50 recorded growth of 3.85 per cent, 5.70 per cent, and 6.27 per cent during the same periods. The Nifty 500 rose 3.47 per cent, 7.63 per cent, and 4.50 per cent, respectively.
The IT index gained 6.11 per cent in October but remains down over 11 per cent year-on-year. Banking stocks continued to show resilience, with the Bank Index rising 5.75 per cent in October and posting growth of 3.24 per cent, 4.88 per cent, and 12.24 per cent across the three time periods.
The defence sector maintained its strong long-term momentum, gaining 3.63 per cent in October and posting growth of 4.61 per cent, 14.12 per cent, and 28.17 per cent over the three, six, and twelve-month periods.
The fund house noted that easing inflation supported the RBI’s decision to maintain its policy stance, while robust GST collections underscored the strength of domestic economic activity.
With inputs from IANS