Equity Market Update
- May 2024 saw a flat market, albeit with intermittent volatility, under the shadow of general elections. S&P BSE Sensex and Nifty 50 closed lower by 0.7% and 0.3% respectively in May 2024. The S&P BSE MidCap was an exception rising by 1.7% with the S&P BSE SmallCap ending flat (-0.1%). FIIs sold (net) equities worth Rs 25,586 crores with DIIs clocking net equity purchases worth Rs 55,733 crores.
- On the S&P BSE sectorial front, the leading performers in May 2024 were S&P BSE CG (up 11.2%), S&P BSE Power (6.6%) and S&P BSE Metal (4.7%), while S&P BSE Oil & Gas (down 1.2%) and S&P BSE HC (-1.5%) S&P BSE IT (-2.6%) 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