Nifty Next 50 records highest monthly gain among indices with 2.82% gain in July: Motilal Oswal

The benchmark Nifty 50 rose 2.17 per cent over the month, while the Nifty 500 gained 2.02 per cent. Broader segments showed positive movement, with the Nifty Midcap 150 advancing 1.60 per cent, the Nifty Smallcap 250 increasing 1.13 per cent, and the Nifty Microcap 250 recording a gain of 0.14 per cent. All indices tracked in the report recorded positive returns for the period ending July 31.

Sectoral performance showed seven of the ten tracked sectors delivering positive returns. Information Technology posted the highest increase at 16.77 per cent. Consumer Durables gained 9.96 per cent, Realty rose 8.67 per cent, and Auto advanced 8.55 per cent.

Healthcare, Metal, and FMCG grew 3.82 per cent, 1.60 per cent, and 0.67 per cent, respectively. In contrast, Energy recorded a decline of 2.54 per cent, while Defence fell 1.98 per cent and Bank decreased 0.48 per cent.

The report noted that "Nifty 500 was up by 2.02 per cent in July, driven largely by Consumer Discretionary, Information Technology, and Healthcare, while Industrials, Utilities, and Services remained negative."

Quality and Low Volatility indices gained 1.78 per cent and 1.75 per cent during the month. Momentum dropped 1.11 per cent, maintaining a 2.67 per cent gain over the past year. Enhanced Value declined 0.14 per cent in July, while holding a 10.54 per cent return over the past 12 months.

International equity markets showed mixed movements during the period. In the United States, the Dow Jones Industrial Average rose 0.32 per cent, while the S&P 500 slipped 0.13 per cent and the Nasdaq 100 fell 6.61 per cent.

In other markets, China gained 8.60 per cent and Brazil rose 6.28 per cent, while Korea declined 17.11 per cent and Taiwan fell 5.80 per cent. European indices moved higher, with the United Kingdom gaining 5.21 per cent, Germany rising 3.19 per cent, France adding 1.86 per cent, and Japan posting a 1.02 per cent advance.

As per the report, commodities and digital assets experienced significant shifts. Crude oil advanced 21.83 per cent to trade at USD 84.67 per barrel. Gold held flat at USD 4,026 per ounce, and the USD/INR currency pair recorded a 0.80 per cent shift. Cryptocurrencies moved upward during July, as Ethereum rose 16.89 per cent and Bitcoin gained 8.04 per cent. (ANI)