Equity Market Update
- Market sentiment in April 2023 was bearish in response to pessimism on global macros i.e. Fed rate hike and tumult in US bond yields. While foreign institutions remained sellers, domestic institutions picked up the slack as has been the case for some time.
- Markets remained flattish and may even have entered negative terrain but for some last day aggressive buying. The frontline indices S&P BSE Sensex and Nifty 50 closed higher by 0.05% and 0.32% respectively, while S&P BSE Mid-Cap and S&P BSE Small-Cap slipped 0.38% and 1.40% respectively.
- On the BSE sectoral front, S&P BSE Utilities (10.02%), S&P BSE Power ( 9.39%), S&P BSE Oil and Gas (2.77%) were the top gainers. S&P BSE Telecommunication (3.65%), S&P BSE Auto (3.35%) and S&P BSE IT (3.15%) were the biggest losers.
