During October, Indian stock markets experienced a downturn, with the Nifty 50 index dropping by 2.84 percent, and the mid-cap 150 index leading the decline with a 3.80 percent fall.
Published Date – 02:30 PM, Fri – 10 November 23
New Delhi: Gold has given positive returns of 21.84 per cent in the past one year, while returns on Silver has been 21.05 per cent, as per a report by Motilal Oswal Asset Management Company.
In October, Indian stock markets exhibited a negative trend, highlighted by a 2.84 per cent fall in the Nifty 50 index, with the mid-cap 150 index leading the decline at 3.80 per cent.
With the exception of Realty, all sectors reported negative performance. The Metals sector saw the steepest decline, dropping by 6 per cent.
In the US, S&P 500 and NASDAQ 100 both experienced a 2 per cent decline in October 2023, with the Healthcare & Consumer Discretionary sector being the largest contributor to the S&P 500’s fall. Globally, both emerging and developed markets saw negative performance, with declines of 4 per cent and 3 per cent, respectively. South Korea witnessed the most significant drop at 7 per cent, while Switzerland led the decline in developed markets with a 5 per cent fall.
Crude oil prices nosedived by 11 per cent during October, due to rising geo-political risks, low demand from the US and mixed Chinese data. On the commodities front, precious metals were in the green with gold and silver prices rising by 7 per cent and 1 per cent respectively, amid rising tensions in the middle east. Cryptocurrencies like Bitcoin and Ethereum went soaring at 29 per cent and 9 per cent, respectively.
