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
