Equity Market Update
- February 2024 saw key indices of equity markets scaling new highs, albeit at tempered growth. Even as FIIs remained net buyers (Rs 1,539 crores), it was the consistent DII inflows (Rs 25,379 crores) via SIPs that shored up markets.
- The large cap bellwether indices S&P BSE Sensex and Nifty 50 ended slightly higher by 1.0% and 1.2% respectively in February 2024. S&P BSE MidCap and S&P BSE SmallCap rose and fell by 1.5% and 1.1% respectively.
- On the S&P BSE sectorial front, the leading performers in February 2024 were S&P BSE Oil & Gas (12.6%), S&P BSE Auto (11.2%) and S&P Realty (9.4%). S&P BSE FMCG (-2.3%) was the sole underperformer.
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