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MARKET PERFORMANCE : BROAD MARKET UPDATE

* The Nifty closed positively for the fifth straight month in July 23. The index fluctuated 757 points before closing at 565 points (or 2.94%) higher MoM at 19,754. The Nifty is up 9.11% in CY23YTD.

* The rally in the domestic equity markets was due to combination of healthy micro and macro, complemented by strong FII flows.

MARKET PERFORMANCE : GLOBAL MARKETS PERFORMANCE

* Market sentiment remained positive in July, buoyed by a drop in developed market inflation and resilient GDP data. This raised hopes for a soft landing and supported a broad rally across most asset classes and regions.

* Markets across the world are counting of stable US growth and are optimistic of China government coming up with stimulus measures to boost growth

* MSCI world index was up by 3.3% for the month in USD terms and the MSCI Emerging Markets grew by 6.3% for the same period.

MARKET PERFORMANCE : SECTORAL PERFORMANCE

* All major sectors ended higher in June 23. Realty, pharma and auto were the top gainers while media was the only laggard.

* For the year ending July 23, PSU Banks (+65%) and Realty (+26%) made the highest gains while Media (-1%) was the biggest laggard.

MARKET PERFORMANCE : MARKET CAP PERFORMANCE

* For the month of June 2023, the mid-cap and small-cap indices outperformed large-cap and were up by 5.5% and 7.7% respectively.

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