Silver and gold prices also rose by 8 per cent and 3 per cent, respectively.
The crypto market was an exception to the green wave, as Bitcoin & Ethereum fell by 4 per cent, followed by the collapse of FTX, one of the largest global cryptocurrency exchanges.
Both emerging and developed markets delivered positive performance, with South Africa emerging as a standout performer, surging by an impressive 13 per cent.
Within the US market, the NASDAQ 100 and S&P 500 indices recorded gains of 4 per cent & 3 per cent, respectively.
IT sector dominated S&P 500’s gains, the report said.
Nifty Smallcap 250 outperformed all major indexes clocked gain of 7.69 per cent, followed by Nifty Midcap 150 at 5.51 per cent.
Realty, Metals & Energy led the charge, rising 9 per cent each. On the flip side, IT lagged with a modest 1 per cent rise, the report said.
All sectors, excluding the Diversified sector, contributed positively to the NIFTY 500 returns, with the financial services sector making the most substantial impact.
–IANS
san/pgh
