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Nifty Next 50 Leads Indian Indices in July Gains

Nifty Next 50 Leads Indian Indices in July Gains
Nifty Next 50 logs highest monthly gain among indices in July: Motilal Oswal · thehindubusinessline.com

Indian stock-market indices mostly rose in July.

The Nifty Next 50 performed best, gaining 2.82%.

The Nifty 50 and Nifty 500 also increased.

Information Technology was the strongest sector in India.

Some sectors, including Energy, Defence, and Bank, fell.

Markets in other countries had mixed results.

China and Brazil rose, while Korea and Taiwan declined.

Crude oil, Bitcoin, and Ethereum all became more valuable during the month.

Key facts

Top Indian index gain
Nifty Next 50 gained 2.82% in July.
Nifty 50 performance
The Nifty 50 rose 2.17%.
Nifty 500 performance
The Nifty 500 gained 2.02%, driven largely by Consumer Discretionary, Information Technology, and Healthcare.
Best-performing sector
Information Technology advanced 16.77%.
Weakest tracked sector
Energy declined 2.54%.
Crude oil
Crude oil advanced 21.83% to $84.67 per barrel.
Digital assets
Ethereum rose 16.89% and Bitcoin gained 8.04%.

Quotes

Motilal Oswal Mutual Fund’s Global Market snapshot report

The market report cited by the article

“Nifty 500 was up by 2.02 per cent in July, driven largely by Consumer Discretionary, Information Technology, and Healthcare, while Industrials, Utilities, and Services remained negative.”
thehindubusinessline.com

Sources

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