In September, equities in the energy sector outperformed all others

In September, there was improvement across the board, particularly in the auto, banking, consumer durables, FMCG, and healthcare sectors. The energy industry did better than any other, increasing by 6% in the month.

According to the Global Market Snapshot report from Motilal Oswal Asset Management Company (MOAMC), the Nifty mid-cap 150 beat all major indices in September by increasing by 3.04 percent.

In the most recent three, six, and twelve months, it increased by 12.98%, 33.37%, and 29.92%, respectively. Similar to how the Nifty small-cap 250 did well throughout the same time period, increasing by 15.99%, 39.17%, and 32.96% during the last three, six, and one years, respectively.

The Nifty 50 index increased by 2%, highlighting the upward trend in the Indian stock markets.

In September 2023, the S&P 500 and NASDAQ 100 both fell by 5% on the US market, with the Information Technology (IT) sector once again being the main cause of the S&P 500’s collapse.

Both developing and established markets saw poor performance globally, with drops of 4% and 3%, respectively. The largest fall was seen in South Korea at 5%, while Germany led the dip among developed countries at 6%.

In September, the price of crude oil increased by 9%, prompting worries about the possible effects on inflation, fiscal balances, and current account deficits.

Precious metals saw falls on the commodities front, with gold and silver prices dropping by 4% and 5%, respectively.

Cryptocurrencies like Bitcoin and Ethereum, on the other hand, saw rises of 4% and 2%, respectively.