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MARKET PERFORMANCE

BROAD MARKET UPDATE

* NIFTY 50 ended the month 22,604.85 (+1.24%).

* The index has closed higher for the third straight month.

* Political continuity and new government agenda (manifesto) provides further support to existing themes

MARKET PERFORMANCE

GLOBAL MARKETS PERFORMANCE

*  The market was largely a function of US inflation numbers and April marked the third-straight month of higher-thanexpected core CPI inflation.

*   Market optimism over a Fed rate cut in the first half of 2024 was dashed and the investor outlook turned decidedly hawkish

*  The European market was almost unscathed in relation to its counterparts on this side of the Atlantic. Even though investors in the euro zone and the United Kingdom also had to adjust their expectations of rate cuts, the negative impact on the equity markets was less pronounced.

MARKET PERFORMANCE

SECTORAL PERFORMANCE

*  On the sectoral front Media, Bank, IT, Financial Services and FMCG underperformed the benchmark index ie BSE Sensex, rest all sectors outperformed specially Auto, Real Estate & Energy.

*  For the year ending April 24, Realty (119%) and PSU Bank (82%) made the highest gains while Media (10%) was the lowest performer.

MARKET PERFORMANCE

MARKET CAP PERFORMANCE

*  Mid-cap and small cap index have outperformed the large cap index in both 1 month and in 1 year period.

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