Money Trends

Money Trends August 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.

Money Trends July 2023

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.

Money Trends June 2023

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.

Money Trends May 2023

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

Money Trends April 2023

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

Money Trends March 2023

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.

Money Trends February 2023

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,

Money Trends January 2023

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.

Money Trends December 2022

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

Money Trends November 2022

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