Equity Market Update
- July and August 2022 market rally was snapped in September as FIIs, who came in strongly over last couple of months, began receding on US Fed rate hike anticipation, a stronger dollar, and slowdown concerns.
- September 2022 saw the frontline indices S&P BSE Sensex and Nifty 50 dipping 3.54% and 3.74% respectively, while S&P BSE Mid-Cap and S&P BSE Small-Cap corrected by 2.18% and 0.69% respectively.
- On the BSE sectorial front, S&P BSE Heathcare (up 1.42%), S&P BSE FMCG (1.42%), S&P BSE Telecom (1.37%) were the gainers. S&P BSE Utilities (down 9.38%) and BSE Power (9.16%) and BSE Energy (9.09%) were the biggest losers.
