Domestic equity markets rose initially after the Monetary Policy Committee of
the Reserve Bank of India maintained a status quo on repo rates and policy
stance which was in line with market expectations. In addition, the central
bank kept the growth projections of Indian economy for FY24 unchanged at
6.5% which provided additional support.

Domestic equity markets rose initially after the U.S. nonfarm payroll employment data for Aug 2023 came along mixed lines. The data led to anticipation that the U.S. Federal Reserve may refrain from raising interest rates in its upcoming monetary policy review which was scheduled on Sep 20, 2023.

Domestic equities fell after a major global credit rating agency downgraded
the credit rating of the U.S. economy which led to an all-round sell off in the
global equity market and rattled the investor risk sentiment. Sentiments were
further dampened after the Reserve Bank of India in its monetary policy
expressed concerns about the evolving inflation situation within the country.
The outcome led to worries that the key policy repo rate may remain elevated
for a prolonged period and any possibility of a rate cut may be delayed.

Domestic equity markets rose as S&P BSE Sensex crossed the psychological
levels of 66,500 and 19,500 respectively. The market rally was broad-based
as the mid cap segment and the small cap segment also closed the month in
green.

Domestic equity markets rose following the release of a slew of upbeat domestic macroeconomic data which indicated that the Indian economy was on a strong footing in terms of macroeconomic stability.

Domestic equity markets rose initially during the month under review which
can be attributed to upbeat corporate earning numbers for the quarter ended
Mar 2023 and favourable domestic macroeconomic data. T

Domestic equity markets rose during the month under review with key
benchmark indices S&P BSE Sensex and Nifty 50 gaining more than 3%
each. Nifty 50 reclaimed the 18,000 mark, while the S&P BSE Sensex closed
above 61,000. The market rally was broad based as the mid cap segment and the small cap segment also closed the month in green

Domestic equity markets rose initially during the month under review on the
back of upbeat domestic macroeconomic data for Feb 2023. Markets also
benefitted after an Indian multinational conglomerate took steps to restore
investors’ trust which recently faced criticism for corporate misgovernance.

Domestic equity markets rose initially during the month under review as
market participants gave thumbs up to the Union Budget 2023. The
government in the Union Budget increased its outlay on capital expenditure,

Domestic equity markets fell earlier during the month after U.S. Federal
Reserve’s meeting minutes for Dec 2022 indicated that the U.S. Federal
Reserve will continue to raise interest rates to contain inflation.

Domestic equity markets fell initially during the month under review after the Reserve Bank of India led Monetary Policy Committee (MPC) raised key
policy repo rate by 35 bps and downgraded the growth projections of the Indian economy for the current fiscal to 6.8% from the earlier projection of 7% in its monetary policy review

Domestic equity markets rose during the month under review as key domestic
headline indices S&P BSE Sensex and Nifty 50 crossed psychologically
important levels of 63,000 and 18,700, respectively. Thus, both the indices
during the month rose to fresh lifetime peaks as they snubbed the volatility in
global equity markets. The market rally was broad based as gains were
witnessed in the mid cap segment and small cap segment as well

Domestic equity markets commenced the month on a positive note following
weak economic data from U.S. Weak U.S. economic data was good news for
the markets as it led to hopes that the U.S. Federal Reserve might consider
slowing down the pace of rate hikes moving ahead. Data showed that the
pace of U.S. manufacturing activity grew at its slowest pace in 30 months in
Sep 2022 which eased concerns over aggressive monetary policy tightening
by the U.S. Federal Reserve

Domestic equity markets fell during the month under review as domestic
headline indices S&P BSE Sensex and Nifty 50 fell in excess of 3% over the
month and turned negative for 2022. Mounting concerns over global recession
due to continued aggressive monetary policy tightening by central banks
across the globe weighed on the market sentiment

Domestic equity markets rose initially during the month under review as global
crude oil prices came down which eased concerns over rising inflation to
some extent

Domestic equity markets rose initially during the month under review as global crude oil prices came down which eased concerns over rising inflation to some extent

Indian equity markets ended the month in the negative territory with
benchmark indices touching more than 52-week closing low during the period.
Reserve Bank of India (RBI) and the U.S.

Indian equity market ended the month in the negative territory, weighed down by global and domestic inflationary pressure, coupled with rate hike stance adopted by central banks of major economies

Indian equity markets settled for the month in the negative territory. Ongoing tension between Ukraine and Russia, coupled with uncertainty of the pace of
future rate hikes by U.S. Federal Reserve loomed large which kept investors
on tenterhooks. Additionally, renewed worries over fresh instances of COVID19 infection in China reignited fears of global economic slowdown.
Nonetheless, optimism over the ongoing corporate earnings season and the
accommodative stance adopted by Reserve Bank of India, in its latest policy
meeting soothed investors’ nerve. Meanwhile, elevated domestic inflation
numbers raised speculation that Reserve Bank of India may not hold on to its
accommodative stance for long

Domestic equity markets fell initially during the month under review after the
Reserve Bank of India led Monetary Policy Committee (MPC) raised key
policy repo rate by 35 bps and downgraded the growth projections of the
Indian economy for the current fiscal to 6.8% from the earlier projection of 7%
in its monetary policy review.

Our monthly newsletters from the Growthfiniti Desk, Key Domestic & Global Market Highlights…