Monthly Digest

Equity market remained volatile in May 2022 due to inflation concerns and the trajectory of interest rates. In its monetary policy meeting, the RBI hiked repo rate by 40 bps and the RBI Governor has indicated that more rate hikes are on their way. FII selling continued due to rising US dollar and bond yields, leading to Nifty breaching...
02 Jun,  2022 Read More
The equity market in April began on a positive note, continuing to build on gains made in March, but sentiments turned negative by the middle of second week. The market had been discounting a gradual increase in interest rates, but the expectations soon shifted towards steeper rate hikes in FY 2022. Strengthening US dollar and...
07 May,  2022 Read More
The equity market in March showed resilience in the face of adverse news and closed the month with solid gains. The war in Ukraine weighed on the markets as we began this month, dragging the market down to its 8-month low. However, the market rebounded with Nifty closing the month near the 17,500 level. The FIIs continued...
07 Apr,  2022 Read More
February 2022 was a volatile month for equity markets around the world. After weeks of simmering tension between Russia and Ukraine, the Russian President Vladimir Putin, ordered his armed forces to invade Ukraine on 24th February 2022. Stock markets crashed after the invasion. Both Sensex and Nifty closed...
07 Mar,  2022 Read More
The Finance Minister presented the Union Budget 2022 in the Parliament on 1st February 2022. In our opinion this is a growth oriented Budget as the Government has shown strong commitment towards economic growth recovery as opposed to fiscal considerations. Salaried investors who were expecting...
03 Feb,  2022 Read More
The stock market was volatile in the first half of December 2021 as concerns about the highly infectious Omicron variant of COVID made markets nervous. However, as information about the virulence of Omicron started coming in from different countries, the market recovered its losses and posted solid gains to close the month...
05 Jan,  2022 Read More
The stock market remained volatile in the month of November. Sentiments weakened in the last week of November as fears of a new COVID wave caused highly virus strain, Omicron gripped the market. As scientists around the world are studying the new virus stain, volatility is expected to continue for......
03 Dec,  2021 Read More
The stock market was volatile in October 2021 primarily due to developments in the US. US President Joe Biden’s plan of passing $1.75 trillion spending bill met with political resistance within the Democratic Party, causing nervousness in the markets. As negotiations......
04 Nov,  2021 Read More
The Sensex and Nifty continued its bull run in September 2021. Both the Nifty and the Sensex rose by 3 - 4% in August, ending the month above 17,600 and 59,000 levels respectively. FIIs continued to be bullish about Indian market, with net purchase to the tune of Rs 7,663......
06 Oct,  2021 Read More
After trading sideways in July, the Sensex and Nifty resumed its bull run in August. Both the Nifty and the Sensex rose by 8 – 9% in August 2021, ending the month above 17,000 and 56,000 levels respectively. FIIs turned into net buyers in August, but the market was driven mainly by the bullish domestic sentiments with DIIs...
06 Sep,  2021 Read More
The stock market traded sideways in the month of July 2021. Both the Nifty and the Sensex ended the month almost flat at 15,763 and 52,586 respectively. While FII sentiments turned net sellers in July, with net sales to the tune of Rs 12,700 Crores, the DIIs turned buyers in July. Q1 earnings released by companies were...
07 Aug,  2021 Read More
The stock market closed the month of May in the positive territory despite grim news on the COVID front. Both the Sensex and Nifty gained 6.5% and closed the month above the psychologically important 50,000 and 15,000 levels respectively. The performance of the stock market may indicate...
10 Jun,  2021 Read More
April was a difficult month for the nation as many states struggled with second wave of the COVID-19 pandemic. Several states announced lockdowns in April. The stock market traded sideways with a negative...
17 May,  2021 Read More
The stock market maintained its momentum in March 2021 continuing its strong performance in February. The Sensex gained 0.8% closing above the 49,500 level and Nifty gained 1.1%, closing at around 14,690...
12 Apr,  2021 Read More
The stock market resumed its upward move in February buoyed by a Union Budget which many experts believe is likely to aid economic recovery. The Sensex closed February above 49,000 and Nifty closed above...
04 Mar,  2021 Read More
After three months of consecutive gains, the Sensex and Nifty ended January slightly lower on a Month on Month basis. The Sensex closed January 3.1% lower, while Nifty closed the month about 5.5% lower...
10 Feb,  2021 Read More
The stock market extended its gains in the month of December 2020 ending the year at its all-time high. The Sensex closed the year within touching distance of the psychological 48,000 level...
08 Jan,  2021 Read More
The stock market clocked impressive gains in the month of November 2020 on the back of strong FII buying. The FIIs pumped in net purchase of Rs 70,845 Crores in November resulting in both Nifty and...
08 Dec,  2020 Read More
In the run up to the US Presidential elections, the stock market was volatile but ended the month with 3.5 – 4% gains for Nifty and Sensex. Nifty closed the month at nearly 400 points higher at 11,642...
11 Nov,  2020 Read More
Stock market took a pause after three months of gains in September. Concerns of second wave of COVID-19 infections around the world kept global markets jittery. After remaining weak throughout the...
21 Oct,  2020 Read More
Stock market continued its winning streak for the third consecutive month though the gains were lower compared to what we saw in June and July 2020. Nifty closed the month at 11,388 around...
14 Sep,  2020 Read More
The stock market saw two months of successive gains in June and July 2020. In July, Nifty continued to show strength gaining 7.5% and closing above the important psychological level of 11,000. Sensex clocked similar...
14 Aug,  2020 Read More
After remaining range-bound in May’20, the stock market saw gains in June. Nifty gained nearly 750 points to closing the month well above the important 10,000 psychological level. Sensex closed the month at touching...
09 Jul,  2020 Read More
On 23rd March PM Narendra Modi announced a nationwide lockdown to slow down the spread of COVID-19 pandemic in India. The lockdown continued till the end of May, though easing of certain restrictions in the...
06 Jun,  2020 Read More
Around one third of the world’s population was under lockdown in the month of April as Government’s around the globe waged a battle against COVID-19 pandemic. As economic activity saw severe slowdown and...
04 May,  2020 Read More
In my last month’s letter to investors, I had written about the concerns about the rapid spread of Coronavirus across the world. It has now become a global pandemic - across the world the number of cases (nearly...
06 Apr,  2020 Read More
February 2020 was not a good month for the stock market. The month was dominated by the concerns about global spread of Coronavirus and its impact on the global economy. Nifty closed February at 11,201, nearly...
13 Mar,  2020 Read More
Nifty closed January at 11,962, a tad lower than the level at the beginning of the month. The index made a high of 12,355 riding on the pre-Budget rally but came off the highs closer to the Budget day. Sensex closed the...
10 Feb,  2020 Read More
India’s leading stock market benchmark index Nifty closed 2019 at 12,168 giving 12% annual return. While the leading indices closed the year on a good note, the market was very volatile during the year. The market...
30 Jan,  2020 Read More
Nifty closed November above 12,000 which is close to its all time high; Sensex closed the month at around 40,800. FIIs continued to be net buyers in the month of November continuing the trend set in September...
18 Dec,  2019 Read More
Nifty continued its winning streak in October 2019 gaining around 400 points. The Sensex closed the month at 40,129 very near its all time high. After 3 months, FIIs turned net buyers in the month of October. The market...
16 Nov,  2019 Read More
After falling for 3 consecutive months the Nifty reversed its trend and gained around 400 points in September 2019. The most significant event for the stock market in September was the reduction in effective corporate...
17 Oct,  2019 Read More
Stock market continued on its declining trend in the month of August 2019. This is third consecutive month on month decline for the major stock indices. However, the correction in Nifty or Sensex was not as sharp as...
11 Sep,  2019 Read More
From this month, EF Monthly Digest is going digital! Readers may recall that we have been printing this Digest since November 1999 and it has been a favourite of our investors since it kept them updated...
03 Aug,  2019 Read More

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