Mumbai, Jan 10 || The Nifty delivered a strong annual return of 10.51 per cent, even as broader markets remained largely flat in December, a new report said on Saturday.
The data compiled by latest Global Market Snapshot report by Motilal Oswal Mutual Fund showed that while short-term market movement was mixed, select sectors such as metals and automobiles continued to outperform over longer periods.
In December, the Nifty slipped marginally by 0.28 per cent. However, the benchmark index posted gains of 6.17 per cent over the last three months and 2.40 per cent over six months.
The Nifty Next 50 performed slightly better on a monthly basis, rising 0.33 per cent in December.
The index delivered returns of 2.24 per cent over three months, 0.53 per cent over six months, and 2.02 per cent on a yearly basis.
Meanwhile, the Nifty Midcap 150 declined 0.53 per cent during the month but still managed gains of 5.89 per cent over three months, 1.31 per cent over six months, and 5.37 per cent over one year.