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Equity market review

  • Indian markets continued to correct in February while global markets also saw a correction after a sharp jump in January as strong economic and inflation data raised prospects of further rate increases by the US Fed
  • S&P BSE Sensex and NSE Nifty indices were down 1% / 2%, respectively while broader markets BSE Midcap / BSE Small cap indices were also down 2% / 3%, respectively
  • Power, Metals and Oil & Gas were the worst performing sectors while Auto, Real Estate and Healthcare also corrected significantly. Banks and Tech were down in-line with the market. FMCG and Capital Goods ended with a minor positive for the month

Equity Market Review February 2023

Debt market review

  • The Federal Open Market Committee (FOMC) minutes indicated that there was consensus among members to continue with a restrictive policy, considering possible upside risks to inflation and tight labour market conditions
  • CPI inflation for Jan 2023 came in higher than expectations at 6.52% (vs 5.72% in Dec 2022), led by a rise in cereal inflation
  • The next few years are likely to be favourable for fixed income investors given that interest rates

Debt Market Review - February 2023

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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Risk Warning
The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested.