Equity Market Update
- April 2024 witnessed some volatility amid quarterly earnings results and geopolitical tensions. Key indices rallied across the board with the the large cap bellwether indices S&P BSE Sensex and Nifty 50 closing higher by 1.1% and 1.2% respectively in April 2024. The S&P BSE MidCap surged 7.1% and S&P BSE SmallCap climbed 9.6%. FIIs (net) sold equities worth Rs 8,671 crores with DIIs clocking net equity purchases worth Rs 44,186 crores.
- On the S&P BSE sectorial front, the leading performers in April 2024 were S&P BSE Metal (up 10.8%), S&P BSE PSU (10.0%) and S&P Power (7.7%), while S&P BSE IT (4.4%) and S&P BSE Teck (down 1.9%) were the laggards.
Past performance may or may not be sustained in future and is not a guarantee of any future returns, and should not be used as a basis of comparison with other investments. Index performance does not signify scheme performance