The Indian currency depreciated as opposed to the dollar over the last fortnight.

Indian benchmark indicators Sensex and Nifty 50 plunged 2.90 and 2.76 per cent, respectively, as fear of recession in the US economy, surging inflation, rising corona virus cases and geopolitical tensions were delaying any recovery in the markets.

Headline equity benchmark indices Nifty 50 and Sensex staged a decent recovery over the second half of the fortnight, recording gains of 3.22 per cent and 3.61 per cent, respectively.

Downturn in equity markets and the prospect of higher interest rates, along with rising inflation, coupled with China’s struggle to contain the pandemic and the ongoing Russia-Ukraine tussle have kept commodities under pressure

In the course of the past fortnight, a majority of Asian stocks fell to an almost two-year low while the US dollar hit its highest in two decades. Data indicates that US’ inflation is very high and hurting investor sentiments due to aggressive interest rate hikes to control it.

Bears dominated the Indian equity markets over the recent fortnight. 

With US Federal Reserve going ahead with an aggressive rate hike and most global central banks following suit, a sense of uncertainty is flowing through the world markets

Frontline equity indices Nifty 50 and Sensex ended the fortnight on a flat note with marginal losses of 0.19 per cent each on the back of weak global cues and mixed fourth quarter results.

Because of the rise in inflation, bottlenecks in global supply chains, and the shift in the geopolitical landscape, commodity prices are surging all over the world.

Oil prices were quite volatile over the fortnight as various nations announced plans to release more supply of oil to tame elevated prices

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