The Nifty Next 50 recorded the highest monthly gain among Indian indices in July, rising by 2.82 per cent, according to Motilal Oswal Mutual Fund's Global Market snapshot report. The benchmark Nifty 50 rose 2.17 per cent over the month, while the broader Nifty 500 gained 2.02 per cent.
Broader market segments also showed positive movement during the period ending July 31. The Nifty Midcap 150 advanced 1.60 per cent, the Nifty Smallcap 250 increased 1.13 per cent, and the Nifty Microcap 250 recorded a modest gain of 0.14 per cent. All indices tracked in the report registered positive returns for the month.
Sectoral performance was largely positive, with seven of the ten tracked sectors delivering gains. Information Technology posted the highest sectoral 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 by 3.82 per cent, 1.60 per cent, and 0.67 per cent respectively. Conversely, Energy recorded a decline of 2.54 per cent, Defence fell 1.98 per cent, and Bank decreased 0.48 per cent.
The report highlighted that the Nifty 500's 2.02 per cent increase was driven largely by Consumer Discretionary, Information Technology, and Healthcare, whereas Industrials, Utilities, and Services remained negative.
Among factor indices, Quality and Low Volatility gained 1.78 per cent and 1.75 per cent respectively during July. Momentum dropped 1.11 per cent while 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 recorded mixed movements during July. 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. Asian and European markets also varied, with China gaining 8.60 per cent, Brazil rising 6.28 per cent, the United Kingdom advancing 5.21 per cent, Germany adding 3.19 per cent, and France increasing 1.86 per cent. Meanwhile, Korea declined 17.11 per cent and Taiwan fell 5.80 per cent.
Commodities and digital assets experienced notable shifts over the month. Crude oil advanced 21.83 per cent to trade at $84.67 per barrel, while gold held flat at $4,026 per ounce. The USD/INR currency pair recorded a 0.80 per cent shift. Cryptocurrencies also moved upward, with Ethereum rising 16.89 per cent and Bitcoin gaining 8.04 per cent.
"The market data for July highlights a broad-based participation across various indices and sectors, with Information Technology and Consumer Durables leading the growth. For growing businesses and investors, tracking these sectoral trends provides a clear view of where capital allocation and market sentiment currently stand. While equities showed resilience, the notable movement in commodities like crude oil reminds businesses to remain vigilant about input costs and macroeconomic shifts." — Dr. Shishir Gupta, Founder & CEO, StartupLanes
