Small and midcaps continued correcting while large caps maintained stability
Markets began the week on an extremely volatile note with headline indices down over 3% due to geopolitical tensions between Russia and Ukraine
As the tension subsided, markets quickly bounced back with a relief rally.
Key events that will direct market sentiment in the coming days will be the ongoing developments around Russia-Ukraine
The week saw several smallcap stocks decline over 10%. The segment is starting to become a high-risk volatile investment with stretched valuations. Only quality names in the space will be able to withstand severe correction.
IT and auto witnessed gains while banking stocks ended the week in red, primarily led by PSU banks
NFOs currently open
- Aditya Birla Sun Life Crisil AAA Jun 2023 Index Fund
- Axis CRISIL SDL 2027 Debt Index Fund
- ICICI Prudential Nifty Bank Index Fund
- SBI Multicap Fund
- UTI S&P BSE Low Volatility Index Fund