Equity Market Update
- Markets in September 2023 maintained a general uptrend. However, there were some profit bookings from higher levels across segments especially in midcaps and smallcaps. Conditions in US Markets (sticky inflation and higher yields) triggered selling by foreign institutions. FIIs were net sellers (Rs 14,768 crores) while DIIs were net buyers (Rs 20,313 crores).
- The large cap bellwether indices S&P BSE Sensex and Nifty 50 rose 1.5% and 2.0% respectively in September 2023. S&P BSE MidCap and S&P BSE SmallCap climbed 3.7% and 1.1% respectively.
- On the S&P BSE sectoral front, the leading performers were S&P PSU (10.6%), S&P BSE Power (7.1%) and S&P BSE Metal (6.1%).
