Equity Market Update
- June 2024 saw a volatile market triggered by election results. Markets moved higher on expectations of policy continuity even as the mandate was not as expected. The S&P BSE Sensex and Nifty 50 surged by 6.8% and 6.6% respectively in June 2024. The S&P BSE MidCap and the S&P BSE Smallcap jumped 7.7% and 10.3% respectively. FIIs bought (net) equities worth Rs 26,565 crores with DIIs (Domestic Institutional Investor) clocking net equity purchases worth Rs 28,633 crores.
- On the S&P BSE sectorial front, the leading performers in June 2024 were S&P BSE IT (up 11.3%), S&P BSE Teck (9.5%) and S&P BSE Realty (8.2%).
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