New Delhi, July 22 || Indian equities remained resilient in June despite mid-month volatility triggered by geopolitical tensions, backed by robust domestic macroeconomic indicators and a gradual improvement in investor sentiment, a report said on Tuesday.
"Nifty 50 rose 3.1 per cent during the month, extending its leadership on a 12-month basis with a 6.3 per cent return. The Small-cap 250 index led the monthly performance with a 5.73 per cent gain and delivered 4 per cent annual returns, highlighting a renewed investor appetite for broader market segments," said PL Asset Management in its recent report.
Meanwhile, the Nifty Mid-cap index registered a 4.1 per cent rise in the month and a 5.6 per cent return over the past year.
According to the report, the overall momentum was supported by resilient macro fundamentals and improved breadth across sectors. At the same time, a ceasefire-driven rebound in global equities helped restore investor confidence as well.
The report noted that the month saw cyclicals lead outperformances.
Digital (5.42 per cent), Infrastructure (4.89 per cent), and Tourism (4.38 per cent) stood out in June, while Healthcare (15.01 per cent), Defence (21.78 per cent), and Finance (14.3 per cent) emerged as the top annual performers.