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MARKET PERFORMANCE : BROAD MARKET UPDATE

* After witnessing several ups and downs for 18 months, Nifty -50 finally surpassed its all time high and touched 19000 mark in Jun 23.

* The recent 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

* Most global equity markets are seeing positive momentum and India is among the top performing markets. .

* Japan has been the best performing major equity market. Depreciating currency helped support Japanese stocks, as a significant proportion of their profits comes from abroad.

* US was the next best performing market primarily driven by mega cap tech companies

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 June 23, PSU Banks (+69%) and FMCG (+39%) made the highest gains while Media (-8%) 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 6.2% and 6.4% respectively.

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