2023 started on a positive note for global equities, with investors optimistic about a pause in interest rates and moderate inflation. However, the situation quickly changed as inflation remained high and geopolitical tensions increased, particularly due to the war between Israel and Hamas in the Middle East. As a result, the Indian indices also fell in October due to foreign institutional investors (FIIs) selling off their holdings. This decline followed a period of record highs in September. Let’s take a closer look at how major global markets performed in the September quarter.

1. S&P 500: The S&P 500 experienced a year-to-date (YTD) change of 10% and a quarter change of -6.3%.

2. US Tech 100: The US Tech 100 saw a YTD change of 33.9% and a quarter change of 8.1%.

3. FTSE 100: The FTSE 100 had a YTD change of -1.8% and a quarter change of -2.1%.

4. DAX: The DAX had a YTD change of 5.3% and a quarter change of -7.8%.

5. Nikkei 225: The Nikkei 225 experienced a YTD change of 21.6% and a quarter change of -3.8%.

6. Nifty 500: The Nifty 500 had a YTD change of 8% and a quarter change of -0.8%.

7. Taiwan Weighted: The Taiwan Weighted saw a YTD change of 15% and a quarter change of -4.2%.

8. Shanghai Composite: The Shanghai Composite had a YTD change of -4.3% and a quarter change of -5.9%.

9. Hang Seng: The Hang Seng experienced a YTD change of -14.8% and a quarter change of -9.3%.

10. S&P ASX (AUS): The S&P ASX (AUS) had a YTD change of -0.7% and a quarter change of -5.8%.

Overall, while some markets performed well in the September quarter, others experienced declines. The Nifty500 stood out as it outperformed global indices with a positive YTD change and a small decline in the quarter. However, it’s important to note that market conditions can change rapidly, and investors should stay updated with the latest trends and developments.