Nifty 50 down 12% from Sept 2024 peak, Motilal Oswal says
In short
Motilal Oswal says the Nifty 50 is 12% below its September 2024 peak. It also says Metals and PSU Banks have done better, while Technology, Consumer, Media and Real Estate have been weaker.
This matters for investors because the market has moved unevenly across sectors. The report does not say why the index fell or what comes next.
What the reporting says
Motilal Oswal said the Nifty 50 is down 12% from its September 2024 peak, while Metals and PSU Banks have been key outperformers and Technology, Consumer, Media and Real Estate have lagged. The BusinessLine summary highlights sector divergence but does not explain the cause of the decline or give the exact market date of the note. What remains unknown is whether the brokerage expects a rebound or further weakness.
Why it matters
Motilal Oswal says the Nifty 50 is down 12% from its September 2024 peak, with Metals and PSU Banks among the leaders and Technology, Consumer, Media and Real Estate among the laggards. The note points to broad sector rotation in the Indian market. The summary does not provide a fresh target level, a reason for the decline, or a forecast.