Oil prices continued their upward trajectory in the past fortnight, reaching their highest levels since October 2021.

The domestic market experienced a period of volatile trading sessions over the last two weeks, predominantly characterised by upward momentum.

The BSE Mid-Cap and BSE Small-Cap indices, with gains of 2.80 per cent and 2.75 per cent, respectively, outperformed the main indices

The preceding fortnight proved to be exceptionally challenging for the broader markets, which had enjoyed a strong rally over the past year.

During the initial week of the fortnight, domestic indices experienced fluctuations, mostly marked by declines, signalling a lack of investor confidence.

The power and metal sectors have experienced robust gains, thanks to the sectoral boost provided in the budget

In the past fortnight, the U.S Dollar Index showed erratic movements, swinging between ups and downs as investors anticipated hints of U.S. inflation easing.

Over the last fortnight, Indian benchmark indices have experienced a roller-coaster ride, driven by factors such as quarterly earnings announcements, a rally in the IT sector, and substantial selling by foreign institutional investors (FIIs).

In an impressive turnaround, foreign portfolio investors (FPIs) infused ₹1.7 lakh crore into the Indian equity markets in 2023, buoyed by their trust in the country’s resilient economic fundamentals amidst a challenging global scenario.

The Indian frontline indices have sustained their strong upward momentum, although the pace was slower compared to last fortnight.

The Indian benchmark indices witnessed an unbroken upward trend, as both BSE Sensex and Nifty 50 surpassed historic milestones of 70,000 and 21,000 levels.

After experiencing notable declines over the last few weeks, Indian benchmark indices finally gained ground and continued to demonstrate resilience on the sectoral front.