Nifty 50 fell ~2.4% month‑on‑month, whereas mid‑ and small‑cap indices rose 3‑5%.
Thematic indices showed divergence, with Capital Markets up 7.44% total return and 7.33% price return, while Services sector fell over 4% monthly.
Sector‑specific indices highlighted strong performance in Defence (+5% month) and Metals (+6% total return), but IT and Services recorded double‑digit declines.
Fixed income G‑Sec indices posted modest negative monthly returns around -0.5% to -0.7%, with 1‑year yields modestly positive.