Equity Market Update
- The July 2022 rebound in equity markets was sustained in August owing to strong buying support from FIIs on the back of improved domestic macros and expected fall in inflation due to declining commodity prices
- In August 2022, the frontline indices S&P BSE Sensex and Nifty 50 climbed 3.42% and 3.50% respectively, while S&P BSE Mid-Cap and S&P BSE Small-Cap surged 5.64% and 5.89% respectively. India continued to outperform emerging markets and also major developed markets.
- On the sectorial front, banks, autos and metals continued their outperformance for the second month while IT and pharma posted negative returns for the month.
