In the past month, India’s stock market, known as D-Street, saw a wave of broad-based declines as major indices faced significant downturns due to global and domestic factors. The Sensex and Nifty 50, India’s benchmark indices, showed considerable volatility, with sharp drops influenced by concerns over inflation, rising bond yields, and global uncertainties.
Source:- bbc news
The Nifty 50 dropped approximately 5% over the past month, slipping below the 19,000 mark on multiple occasions. Key sectors, including IT, financials, and energy, were under pressure as investors reacted to concerns over inflation, especially as global crude oil prices spiked. Heavyweight stocks such as Infosys, Reliance Industries, and HDFC Bank contributed significantly to the drag on the index.
Source:- news 18
The Sensex, mirroring Nifty’s performance, also declined by around 4.5%. With sectors like technology and FMCG experiencing corrections, investors’ risk appetite decreased, prompting a sell-off in mid-cap and small-cap stocks as well. The BSE Midcap and Smallcap indices saw even steeper declines, losing around 7% and 8% respectively, as investors grew cautious about valuations amid an uncertain economic backdrop.
Among sectoral indices, the Nifty IT index took one of the hardest hits, dropping more than 6% due to fears of reduced tech spending by global clients. The Nifty Bank index, closely watched by investors, also declined around 5% as higher interest rates and concerns about loan demand weighed on banking stocks. Nifty FMCG saw declines as rising input costs threatened profit margins.
Looking ahead, market sentiment remains cautious as investors watch for updates on inflation, monetary policies, and global economic data, which will likely dictate the direction for the Indian indices in the upcoming weeks. The overall market trend may remain choppy, with periodic sell-offs if global or domestic economic pressures intensify.
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