Equity Market Update
- Markets in October 2023 fell sharply. Persistent FII selling and sluggish Q2FY24 earnings impacted equities. FIIs exited domestic markets as US bond yields hardened with even a decline in oil prices not being enough to soothe the situation. FIIs were net sellers (Rs 24,548 crores) while DIIs were net buyers (Rs 25,106 crores).
- The large cap bellwether indices S&P BSE Sensex and Nifty 50 declined 3.0% and 2.8% respectively in October 2023. S&P BSE MidCap and S&P BSE SmallCap slipped by 3.4% and 1.7% respectively.
- On the S&P BSE sectorial front, the leading performer was S&P BSE Realty (3.7%), while S&P BSE Power (4.9%), S&P BSE HC (4.3%), S&P BSE Metal (4.2%) were laggards.
