India Strategy : FY22 ends on a high note By Motilal Oswal
FY22 ends on a high note!
In our Apr’22 edition of ‘The Eagle Eye’, we highlight that: a) primary markets raised record equity in FY22 ; b) Reliance/Infosys/ICICI Bank contributed 44% of Nifty’s movement in FY22; c) rising crude prices adversely impacted domestic pump prices; and d) DIIs recorded the highest net inflows, while FIIs recorded the highest net outflows in any FY. The key points are mentioned below:
Global equity markets recovered despite heightened geopolitical tension
Non-institutional participation declined to the lowest level since Mar’20
Primary markets created a record in FY22 as 123 companies raised INR1.25t via the IPO market
Cash volumes as a % of total volumes stood at 1% in FY22
DIIs recorded the highest net inflows, while FIIs recorded the highest net outflows in any FY
Total GST collections in FY22(P), at INR14.9t, have exceeded the FY22RE level of INR13.5t by ~10%
Our research team has released several interesting reports in Mar’22. A few of the notable ones are: a) Russia-Ukraine crisis: Abnormal is the new normal, b) Star Health Initiation and c) Dr Reddy’s Lab – Company Update.
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