The Motilal Oswal Global Market Snapshot provides a quick glance at index performances and economy updates from the Indian & global markets.
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Indian Market Update
- In October 2024, all broad-based indices saw a decline and have delivered negative returns with few exceptions.
- Auto, Energy and Consumer Durables sector tumbled, with negative returns of 13%, 10.7% and 10.2% respectively while Banking sector index suffered a decline of 2.8% in October 2024.
- Momentum, Low Volatility, Quality, and Value strategic indices, also faced a downturn, with declines ranging from 8% to 10%.
- The decline in the Nifty 500 was primarily driven by losses in the Consumer Discretionary, Energy, and Financial Services sectors, while the Diversified and Healthcare sectors saw only a modest decline.
Global Market Update
- S&P 500 recorded negative returns of nearly 1%, while the NASDAQ 100 also experienced a downturn, falling by 0.85%, as tech stocks faced pressure during the period.
- Emerging market indices saw declines during the period, with Taiwan being a notable exception, as it posted positive returns of 3.7%.
- Crude oil prices marked a slight rise of 1.6% in October, amid a demand-supply imbalance.
- Amid global uncertainties, Gold & Silver surged by 3.9% & 8.1% respectively.
- Cryptocurrency markets saw notable surge, with Bitcoin rising by an impressive 12.1%, while Ethereum also posted a gain of 1%.
Economic Indicators
- India’s 10-Year Yield (%) stands at 6.83% while inflation soar to 5.5%, albeit inflation in the U.S. continued to ease to 2.4%.
- GST Collections in India stands at 1,87,346 crore, an 8.9% increase from October 2023.
- U.S. unemployment rate was unchanged at 4.1%, with employment continued to trend up in healthcare and government.
Disclaimer: This has been issued on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this document is for general purposes only and not a complete disclosure of every material fact. The stocks/sectors mentioned herein is for explaining the concept and shall not be construed as an investment advice to any party. The information / data herein alone is not sufficient and shouldn’t be used for the development or implementation of an investment strategy. It should not be construed as investment advice to any party. All opinions, figures, estimates and data included in this material are as on date. This content does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. The statements contained herein may include statements of future expectations and other forwardlooking statements that are based on our current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Readers shall be fully responsible/liable for any decision taken on the basis of this article. Past performancemay or may not be sustained in future and is not a guarantee of any future returns.
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