The Motilal Oswal Global Market Snapshot provides a quick glance at index performances and economy updates from the Indian & global markets.
View the full report here
Indian Market Update
• In August 2024, all broad-based indices closed relatively flat but still delivered positive returns.
• Healthcare & IT sector continued their upward journey and delivered returns of 5.5% & 4.7% respectively while Realty was the worst performing sector in August 2024.
• Momentum and Low Volatility strategies delivered positive returns, whereas the Value and
Quality strategies experienced negative returns.
• The Nifty 500’s gains were primarily driven by the IT, Healthcare, and Financial Services sectors, while Industrials contributed the least.
Global Market Update
• In the U.S., the S&P 500 gained 2.3%, while the Nasdaq 100 gained 1.1%, both posting positive performance.
• All developed and emerging market indices posted positive returns, with Korea being the sole exception as the only negative performer.
• Crude oil prices continued the downward trajectory and fell by 5.2% in August, amidst weakening global demand.
• Amid global uncertainties, Gold & Silver surged by 3.6% & 3.2% respectively.
• The cryptocurrency markets experienced substantial declines. Bitcoin dropped by 8.6%, and Ethereum saw a significant decrease of 22.1%.
Economic Indicators
• India’s retail inflation fell below the RBI’s 4% target for the first time in nearly 5 years, while inflation in the U.S. also continued to ease.
• DIIs were net sellers, primarily in the debt segment, while the equity segment continued to attract inflows.
• U.S. unemployment reached 4.3%, the highest level in nearly 3 years, driven by a slowdown in hiring and a notable increase in temporary layoffs.
