The Nifty Midcap 150, despite a 3.53% decline in January, showed annual gains of 8.26%, making it a top performer. Commodities were the sole positive contributors to the Nifty 500 in January. Sectors like Metals and Defence saw gains, while FMCG, Realty, and Consumer Durables experienced declines ranging from 6% to 11%.
Value factor outperformed other metrics with a 2.4% increase in January and a 25% rise over the year. The Nifty 50 dropped by 3.10% in January but recorded a 7.71% increase over the past year. The Nifty 500 remained steady in January and closed the year with a 6.94% rise.
The Nifty Smallcap 250 and Nifty Microcap 250 witnessed monthly declines of 5.52% and 5.66% respectively. Silver emerged as the top performer in asset classes, with returns of 43.34% for the month and 226.50% year-on-year. Gold returned 14.06% in January and 77.16% over the year.
CPI inflation remained low but inched up to 1.33% in January. The 10-year G-sec yield rose to 6.70%, indicating a slight increase in market rates despite unchanged policy rates. Domestic activity stayed strong with Composite PMI at 59.5 and GST collections reaching Rs 1.93 lakh crore.
