Global Market Data 30Sep2026

Global Market Data 30Sep2026

 
Follow @vrk100
 

(This is my 542nd blog since 2010. Over the years, I have covered global financial markets, with a focus on India, and continue to share insights to help readers understand complex topics in simple language.

The views expressed here are for information purposes only and should not be construed as a recommendation or investment advice. While the author is a CFA Charterholder with nearly 25 years of experience in financial markets, this content is intended to share general insights and does not constitute financial guidance. 

Please consult your financial adviser before taking any investment decision. Safe to assume the author has a vested interest in stocks / investments discussed if any.) 

This blog serves as a quarterly archive of financial market data as at 30Sep2026, compiled from primary and reputed sources such as BSE India, NSE India, Value Research, Bloomberg, CNBC and other data providers. 

It presents QTD (Quarter to date) and YTD (Year-to date) performance across equity indices, bonds, commodities and currencies. Screenshots and data tables are preserved to maintain a record of market movements. 

The objective is to create a reliable historical reference for future research, comparison and posterity.

Here are the data tables and screenshots:

(click on the images to view better)

Quarter to date (QTD) global market data of stocks, bonds, currencies and commodities:

Year to date (YTD) global market data of the same:

QTD:

Bond yields have gone up across the nations, as there is no end to US Iran war and crude oil prices have gained the most during the Jul-Sep2026 quarter. There are also concerns about bulging national debt, especially in the US. 

Bitcoin has outperformed other asset classes, whereas currencies have remained stable, though Japanese Yen weakened against the dollar. The US - India 10-year bond yield spread is down 41 basis points (one percentage points equals 100 basis points). 

YTD:

Bond yields have soared across the globe in the US, Europe as well as Asian nations.

The biggest gainers, so far, are crude oil prices during 2026. The US dollar index too has surged. Among equity market, Nikkei 225 and Nasdaq Composite are the winners, with Indian stocks underperforming global markets a lot. 

Other screenshots >

CNBC markets 

CNBC commodities  

Trading Economics  GDP macros

Trading Economics global government bond yields 

MSCI EM Index (net returns)

BSE market cap of all companies

RBI one year deposit rate data; and other data of rates and ratios RBI GetKeyWords

Value Research BSE Indices - annual and trailing returns 

Value Research Mutual Fund Monitor - annual and trailing returns 

BSE 500 sector wise free float market cap 

BSE 1000 sector wise free float market cap 

Bitcoin CoinMarketCap  - Data on crypto currencies

Companies Market Cap - Top companies in the world by market cap 

Past performance does not guarantee future returns. Please do your own research or consult a qualified financial adviser before making investment decisions.

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References:

Market Data quarter end:

BSE market cap of all companies

RBI one year deposit rate data; and other data of rates and ratios RBI GetKeyWords

Value Research BSE Indices - annual and trailing returns 

Value Research Mutual Fund Monitor - annual and trailing returns  

VR liquid funds returns  - annual and trailing returns  

BSE 500 sector wise free float market cap 

BSE 1000 sector wise free float market cap  

IBJA rates gold and silver - IBJA PDF as on 30Jun2026

Nifty 500 data quarter tend from Screener.in 

CNBC markets 

CNBC commodities  

Trading Economics  GDP macros

Trading Economics global government bond yields 

CCIL India

Bitcoin CoinMarketCap 

Companies Market Cap - Top companies in the world by market cap 

Bloomberg Commodity Index

USD RMB 

DXY US dollar index - USDX

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For Global Market Data between 30Sep2024 and 30Jun2026, check various reports in my blog Forex Data Bank 09Jun2024

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Related blogs:

Global Market Data 30Jun2024

Global Market Data 31Mar2024 

Global Market Data 2013 to 2023 (11-year data) 

Global Market Data 2012 to 2022 (11-year data)

Global Market Data 31Dec2023

Global Market Data 30Sep2023

Global Market Data 31Mar2023

Global Market Data 31Dec2022 

Global Market Data 30Sep2022

Global Market Data 30Jun2022

Global Market Data 31Mar2022

Global Market Data 31Dec2021

Global Market Data 30Sep2021

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Nifty Total Market Index: Sector Rotation So Far in 2026

Nifty Total Market Index: Sector Rotation So Far in 2026 11Oct2026

 
Follow @vrk100
 

(This is my 541st blog since 2010. Over the years, I have covered global financial markets, with a focus on India, and continue to share insights to help readers understand complex topics in simple language.

The views expressed here are for information purposes only and should not be construed as a recommendation or investment advice. While the author is a CFA Charterholder with nearly 25 years of experience in financial markets, this content is intended to share general insights and does not constitute financial guidance. 

Please consult your financial adviser before taking any investment decision. Safe to assume the author has a vested interest in stocks / investments discussed if any.) 

This article looks at how sector weights in the Nifty Total Market index have changed during 2026. 

1) What Is Nifty Total Market?

Nifty Total Market provides a broad view of the Indian equity market. It comprises 750 stocks: the 500 stocks in Nifty 500 and 250 stocks from Nifty Microcap 250. 

The index is based on free-float market capitalisation (to be exact, the Nifty TM has 755 stocks as of 30Sep2026). 

As of the latest data, the total market capitalisation of all companies listed on BSE, including the recently-listed NSE Ltd, is Rs 465 lakh crore (USD 4.82 trillion). Nifty Total Market accounts for Rs 423 lakh crore, or more than 90 per cent of this total.

With such broad market coverage, Nifty Total Market index can reasonably be considered a proxy for the Indian equity market.

(article continues below)

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Related articles:

Inside the Nifty 500 Index: How It Changed from 2021 to 2026 28Jul2026 

Nifty 500 Snapshot 30Jun2026

Beneath the Surface: What 750 Stocks Reveal About Market Breadth 05Apr2026 (Nifty Total Market Index)

Inside the BSE 500 and S&P 500: Top Stocks, Top Sectors, Big Risks 31Dec2025

NSE Emerging Indices Fundamentals Comparison 31Dec2025

BSE 500 vs Nifty 500: Same Market, Different Indices 31Dec2025

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2) Sector Breakdown: September 2026

Chart showing sector composition of Nifty Total Market as at the end of 30Sep2026, compared with 31Dec2025 >

The September 2026 sector breakdown provides the starting point for looking at the changes during the year. Nifty Total Market has 20 sectors in total, but only top 10 sectors are shown in the above chart. 

3) Sector Changes YTD:

Between 31Dec2025 and 31Sep2026, Financial Services remained the largest sector, though its weight declined from 30.8 per cent to 29.8 per cent.

Capital Goods saw the biggest rise in ranking. It moved up from sixth place to second, with its weight increasing from 6.2 per cent to 8.1 per cent.

Healthcare moved up from fifth to third. Information Technology moved down from second to sixth, with its weight declining from 7.9 per cent to 6.0 per cent.

Oil & Gas also moved down, from third to fifth.

Despite these changes, overall sector concentration changed more or less the same. The Top 3 sector weight increased from 43.3 per cent to 45.3 per cent, while the Top 5 increased from 58.3 per cent to 59.1 per cent.

YTD sector returns:

The 2026 YTD returns show wide dispersion among the major sectors. Nifty Metal (+15.4%), Telecommunications (+20.2%), Capital Goods (+11.5%) and Healthcare (+10.8%) performed relatively well, while IT (-25.9%), FMCG (-19.2%), Oil & Gas (-12.7%) and Financial Services (-10.0%) declined (See blog for more).

Year-to-date sector returns provide useful context for these changes in sector weights. There has been a wide divergence in sector performance during 2026, with some sectors gaining strongly while others declining sharply. 

This helps explain some of the changes in sector weights, although changes in index constituents also play a role.

4) Why Did Sector Weights Change?

Sector weights change for two main reasons: 

> changes in the market values of existing constituents, and 

> changes in the constituents themselves.

This distinction is important for longer-term comparisons.

Nifty Total Market is reviewed twice a year, in March and September. The Mar2026 review brought 59 stocks into the index and removed 59. The Sep2026 review included 53 stocks in and excluded 53. 

Thus, 112 stocks were added and 112 removed across the two reviews.

However, the number of stocks added or removed is only an indication of changes in the constituent base. It does not by itself explain changes in sector weights.

For example, Capital Goods had 15 additions and 17 deletions, a net decline of two stocks. Yet its Nifty Total Market weight increased from 6.2 per cent to 8.1 per cent year to date. 

This shows that changes in sector weight are influenced not only by constituent changes, but also by relative price performance and the free-float market capitalisation of the stocks involved.

Therefore, a sector's changing weight can reflect market performance, changes in index constituents, or both.

5) Gist

Year-to-date data shows meaningful shifts in sector weights, with Capital Goods and Healthcare gaining ground while Information Technology and Oil & Gas losing weight.

Despite broad market coverage, Nifty Total Market retains meaningful sector concentration, with Financial Services alone accounting for nearly 30 per cent of the index.

Don't miss the additional notes and references given below. 

Past performance does not guarantee future returns. Please do your own research or consult a qualified financial adviser before making investment decisions.

(Section 4 above was altered on 13Oct2026 to clarify that changes in sector weights are infllued not only by constituent changes, but also by relative performance and the free float market capitalisation of stocks involved).

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References:

Nifty indices factsheets

Nifty Total Market factsheet - PDF for Sep2026

Nifty Total Market Research Paper 30Nov2021

NSE Index Dashboard 

NSE Indices methodology document

Nifty Indices Factsheets (NSE Indices) 09Jul2026

Press releases by NSE Indices Ltd

Screenshot of Nifty Total Market factsheet as of 30Sep2026 >

Screenshot of Nifty Total Market factsheet as of 31Dec2025 >

Screenshot of Nifty Total Market factsheet as of 31Dec2024 >

Screenshot of Nifty Total Market factsheet as of 31Dec2023 >

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Additional notes:

1) YTD returns of top 10 sectors by weight in Nifty Total Market as at end-Sep2026 >

2) A Small but Important Nuance:

The number of stocks in a dedicated Nifty sector index is not the same as the number of companies belonging to that sector within Nifty 500 or Nifty Total Market (you can find the number of stocks present in each sector in the image provided in additional note 1 above).

For example, the Nifty Financial Services index has a selected set of only 20 stocks. Financial Services within Nifty Total Market includes the Financial Services companies (with more than 100 stocks of Financial Services' stocks dominating the Nifty TM index) that are constituents of the Nifty TM index.

The two represent different universes and serve different purposes.

3) Difference between Nifty 500 and Nifty Total Market:

As far as sector representation / concentration is concerned, there is not much difference between Nifty 500 and Nifty Total Market indices according to the latest NSE data. Though Nifty TM has 250 more stocks (micro-cap stocks) than those in Nifty 500, this doesn't materially change the broad sector representation captured by Nifty 500.

If you're interested in knowing about Nifty 500, you can my earlier blog -- which explored the changes over the past five years. 

4) NSE Indices (Nifty Indices) launched 11 new Nifty sector indices on 15Jun2026. They are:

Nifty Power 

Nifty Capital Goods 

Nifty Telecommunications 

Nifty Construction 

Nifty Consumer Services 

Nifty Commercial & Transport Services 

Nifty Retail 

Nifty Hospitals 

Nifty NBFC 

Nifty Housing Finance 

Nifty Insurance

5) As of current data, there are only five passive funds (one ETF plus four index funds) tracking Nifty TM index -- and these have meagre assets under management, making them mostly not suitable (uninvestable for now) for most retail investors. 

Nifty Smart Beta Indices Review – September 2026 10Oct2026

Nifty Smart Beta Indices Review – September 2026: Nifty Smart Beta Indices Performance and Valuation at a glance 10Oct2026

 
Follow @vrk100
 

(This is my 540th blog since 2010. Over the years, I have covered global financial markets, with a focus on India, and continue to share insights to help readers understand complex topics in simple language.

The views expressed here are for information purposes only and should not be construed as a recommendation or investment advice. While the author is a CFA Charterholder with nearly 25 years of experience in financial markets, this content is intended to share general insights and does not constitute financial guidance. 

Please consult your financial adviser before taking any investment decision. Safe to assume the author has a vested interest in stocks / investments discussed if any.) 

This is a follow-up to my September 2026 article on factor investing and smart beta indices in India. This monthly review tracks how selected Nifty Smart Beta indices are performing against the Nifty 50 and Nifty Midcap 150. 

It also looks at their trailing returns and valuations. 

The aim is to see which factors are doing well and whether the earlier trends are continuing. 

(article continues below)

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Related articles:

Nifty Indices Broad Market and Sector Review – September 2026 08Oct2026

Nifty Indices Broad Market and Sector Review - August 2026 06Sep2026 

Nifty Smart Beta Indices Review - August 2026 06Sep2026

Nifty Indices Broad Market and Sector Review – July 2026  02Aug2026

Factor Investing in India: Do "Smart Beta" Indices Outsmart Nifty 50 and Midcap 150?  24Nov2025

Nifty Midcap 150 Quality 50 Index: Has Quality Lost Its Edge? 10Aug2025

Decoding the Nifty Midcap 150 Quality 50: A Midcap Strategy Built on Fundamentals 07Aug2025 

Passive Titans of India: The Top 10 Equity Indices by Fund Size 17Jul2025

India Flagship ETFs with Low Fees and Fair Trading Volumes 12Jun2025 

 

Low Expense Ratios, High Returns: Why Passive Equity Funds Matter 06Jun2025 

 

How to Buy Nifty Midcap 150 Index (passive funds) 03May2024

Analysis of Nifty 100 Low Volatility 30 Index 12Sep2023

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The following analysis is based on the charts attached below. 

 

1. Calendar year returns of smart beta indices

Calendar-Year Returns Show the Risks:

Calendar-year returns highlight the cyclical nature of smart beta strategies: momentum indices surged in 2021 and 2024, but suffered losses in 2022 and 2025.

No strategy leads every year; strong performance in one period can give way to sharp falls in the next.

In 2025, the Nifty 50 gained 11.9 per cent, while the Nifty 500 Momentum 50 lost 7.6 per cent. In 2024, the Nifty 500 Momentum 50 index gained 27.2 per cent, compared with just 10.1 per cent for the Nifty 50 (see chart 1 below for data).

The Nifty Midcap 150 Momentum 50 rose 78.3 per cent, while the Nifty 500 Momentum 50 gained 78.9 per cent in 2021. Such strong years can be followed by weak ones. 

Momentum investing is therefore not a smooth ride.

2. Trailing returns of smart beta indices

Nifty Smart Beta Indices: Momentum Holds Up Better, compared to Low Volatility and Quality, Amid Market Weakness:

The Indian stock market had a difficult September 2026. Most Nifty indices fell over the month and the three-month returns were also negative. Yet, longer-term returns remained positive across all the indices shown. 

The performance of smart beta indices offers some useful lessons for investors.

September and Recent Performance:

The Nifty 50 fell 6.4 per cent in one month and 4.9 per cent over three months. The Nifty Midcap 150 did worse over the month, losing 7.0 per cent, though it gained 4.6 per cent over one year.

Among the smart beta indices, the Nifty 500 Momentum 50 performed relatively well. It lost 5.8 per cent in one month and 1.7 per cent over three months. Its one-year return was 5.1 per cent. The Nifty Midcap 150 Momentum 50 also delivered a positive one-year return of 4.1 per cent.

Low volatility and quality strategies had a tougher year. The Nifty 100 Low Volatility 30 fell 4.7 per cent over one year, while the Nifty 200 Quality 30 lost 5.4 per cent.

Long-Term Returns Tell a Different Story:

Despite recent weakness, the longer-term picture remains encouraging. The Nifty Midcap 150 Momentum 50 delivered annualised returns of 13.5 per cent over three years, 15.1 per cent over five years and 19.7 per cent over ten years.

The Nifty 500 Momentum 50 also performed strongly, with annualised returns of 11.4 per cent over three years, 12.4 per cent over five years and 18.3 per cent over ten years.

The broad Nifty 50 returned 6.1 per cent annually over three years (one of the worst in recent years) and 11.5 per cent over ten years. These figures suggest that momentum strategies have rewarded patient investors over longer periods, although they can still suffer sharp falls in shorter time periods.

3. Valuations and Dividends Matter

Valuations offer another reason for caution. As at the end of 30Sep2026, the Nifty 500 Momentum 50 had a price-to-earnings ratio of 29.4 and a price-to-book ratio of 5.8. Its dividend yield was only 0.50 per cent.

By comparison, the Nifty 50 had a price-to-earnings ratio of 19.4, a price-to-book ratio of 2.8 and a dividend yield of 1.22 per cent.

The Nifty 200 Quality 30 had a relatively high price-to-book ratio of 7.9, while the Nifty Midcap 150 Quality 50 had a price-to-earnings ratio of 29.7. Investors should remember that strong past returns do not automatically make an index attractive at its current valuation.

Charts numbered 1 to 3 > 

all data as at end-30Sep2026 >

 

Chart 1: Calendar year returns of Nifty "smart beta" indices (from 2018 to 2026) (2026 data till 30Sep2026) >

Chart 2: Trailing returns of Nifty "smart beta" indices  >

Chart 3: Nifty "smart beta" indices valuation data  >

Click on the charts to view better >

4. Action button

Smart beta indices are cyclical (as shown by calendar and trailing returns above) and strategies that lead in one period can lag sharply in another, so past returns should not be taken as a guide to future performance. 

Investors should look beyond the latest returns. Valuations, investment costs, risk tolerance and the time available to stay invested all matter. 

Smart beta indices follow specific rules to select and weight stocks. They are not guaranteed to outperform the broader market.

For most individual investors, a diversified portfolio is more sensible than chasing the best-performing strategy of the past. Smart beta strategies may have a role, but they should be chosen carefully and with a long-term view.

Limited ETF trading volumes and low assets under management in many passive funds tracking the smart beta indices also warrant caution, particularly over liquidity, trading costs and ease of exit.

Past performance does not guarantee future returns. Please do your own research or consult a qualified financial adviser before making investment decisions.

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References and notes:

Nifty indices factsheets (choose Strategy indices)

Nifty 50

Nifty Midcap 150

Nifty 200 Momentum 30 

Nifty 100 Low Volatility 30 

Nifty 50 Equal Weight 

Nifty Alpha Low Volatility 30 

Nifty Midcap 150 Momentum 50 

Nifty 500 Momentum 50 

Nifty 200 Quality 30

Nifty Midcap 150 Quality 50

Nifty Return profile

Nifty Index Dashboard monthly - Sep2026 PDF 

Nifty indices methodology document

Chart showing Index Reconstitution of NSE / Nifty Indices  - Nifty Smart Beta Indices Rebalancing Frequency >

Rupee Vest screenshots comparing four ETFs (data as at end-09Oct2026) > This is just for illustration purposes only >

Nifty Indices Broad Market and Sector Review – September 2026

Nifty Indices Broad Market and Sector Review – September 2026: Nifty Indices Performance and Valuation at a glance 08Oct2026

 
Follow @vrk100
 

(This is my 539th blog since 2010. Over the years, I have covered global financial markets, with a focus on India, and continue to share insights to help readers understand complex topics in simple language.

The views expressed here are for information purposes only and should not be construed as a recommendation or investment advice. While the author is a CFA Charterholder with nearly 25 years of experience in financial markets, this content is intended to share general insights and does not constitute financial guidance. 

Please consult your financial adviser before taking any investment decision. Safe to assume the author has a vested interest in stocks / investments discussed if any.) 

This periodic snapshot brings together the latest performance and valuation data, as of 30Sep2026, for the broad Nifty indices and the major market sectors. 

The aim is to understand what the numbers are saying today. It is not to predict what will happen next.

The data in this article are as on 30Sep2026, unless otherwise stated. 

This article builds on an earlier article (with data as of 31Aug2026). Please check it if you're interested. 

(article continues below)

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Related blogs:

Nifty Indices Broad Market and Sector Review - Aug2026 06Sep2026 

Nifty Smart Beta Indices Review - August 2026 06Sep2026

Nifty Indices Broad Market and Sector Review – July 2026  02Aug2026

Inside the Nifty 500 Index: How It Changed from 2021 to 2026 28Jul2026 

Nifty 500 Snapshot 30Jun2026

Nifty Valuation Tracker Series: June 2026 Update – Broad Market and Smart Beta Indices 04Jul2026 

BSE 500 Versus Nifty 500: Same Market, Different Indices 02Jan2026  (NSE Indices / Nifty Indices) (BSE Indices)

The Hidden Rotation in Indian Markets: Capex Leads, Mid/Smallcaps Rise, Financials Lag 02May026  (NSE Indices, Nifty Indices, Nifty sector indices) (Capital goods sector very broad)

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The following analysis is based on the charts attached below. 

 

1 Broad Market Performance

 

Two-year performance:

Indian equities have faced a prolonged period of stress. Since late end-Sep2024, the Nifty 500 has declined i per cent, significantly lagging most major global markets.

This weakness is now reflected in the numbers shown in the charts below: the Nifty 50 has delivered only 6.1 per cent CAGR over three years, despite the strong gains seen earlier in that period.

The recent correction is visible across the broad market. Most indices posted negative 1-month and 3-month returns. Nifty 50 was down 6.4 per cent over one month and 4.9 per cent over three months. 

However, longer-term returns remain healthy, with Nifty 50 delivering 11.5 per cent CAGR over 10 years.

 

 

2 Broad market valuations

Valuations remain widely dispersed. Nifty 50 trades at 19.4 times earnings, while Midcap 150 and Smallcap 250 are much more expensive at 28.4 and 34.5 times respectively. Smallcap 250 also has a low dividend yield of just 0.61 per cent.

 

 

3 Sector performance

Sector performance has been mixed. Capital Goods, Healthcare, Metals and Telecommunications have delivered strong one-year returns. In contrast, IT, FMCG and Consumer Services have struggled. 

 

The recent one-month correction, however, has been broad-based across almost all sectors.

 

4 Sector valuations

There is a wide valuation gap between sectors. Capital Goods and Healthcare command very high PE ratios of 44.2 and 42.0 respectively. Financial Services, Oil & Gas, Metals and Telecommunications appear relatively cheaper. 

IT stands out with a relatively modest PE of 17.4 and the highest dividend yield among the top ten sectors at 2.89 per cent.

 

Nifty Healthcare climbed one place to third in the Nifty Total Market, from fourth a month ago. Nifty Auto slipped from third to fourth over the same period. 

 

 

5 Overall 

The data show a market that has corrected sharply in recent months, but valuations remain high in several midcap and sectoral pockets. 

 

The contrast between recent returns and current valuations remains worth watching.

 

 

Charts numbered 3 to 6 (as given in the chart) > 

all data as at end 30Sep2026 >

 

Chart 3 showing Nifty Broad Indices Trailing Returns >

Chart 4 showing Nifty Broad Indices Valuation Data >

Chart 5 showing Nifty Sector Indices Trailing Returns (Top 10 sectors by weight in Nifty Total Market index) >

Chart 6 showing Nifty Sectoral Indices Valuation Data (Top 10 sectors by weight in Nifty Total Market index) >

 

 

Past performance does not guarantee future returns. Please do your own research or consult a qualified financial adviser before making investment decisions.

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References and Additional Notes:

Nifty Index factsheets 

Nifty Total Market factsheet 

Nifty 500 factsheet

Nifty Financial Services factsheet 

Nifty Bank factsheet 

Nifty Capital Goods factsheet 

Nifty Healthcare factsheet 

Nifty Auto factsheet 

Nifty Oil & Gas factsheet 

Nifty IT factsheet 

Nifty FMCG factsheet 

Nifty Metal factsheet 

Nifty Consumer Services factsheet 

Nifty Telecommunications factsheet 

Nifty Power factsheet 

Nifty Consumer Durables factsheet    

          

NSE Index dashboard Sep2026

Nifty Return Profile

Nifty Sectoral Indices Calendar Year Returns: 2018 to 2026 (till 30Sep2026):       Top 10 Sectors in Nifty Total Market Index > Click on the chart to view better >

 

Screenshot of Nifty Total Market (755 stocks) factsheet 30Sep2026 >