Equity markets rebounded sharply in April with the S&P BSE Sensex rising 6.65% on a total return basis. Mid-cap and small-cap indices performed inline or marginally better than the broader benchmark. S&P BSE MidCap Index rose 6.6% whereas S&P BSE SmallCap index rose by 8.29%. For the calendar year 2018, S&P BSE Sensex has risen by 3.43% while the BSE Midcap Index has declined by 4.38% and the S&P BSE SmallCap Index has declined by 4.22%.
Information technology was the standout sector, rising by 12% driven by strong results. The FMCG sector rose by 9.87% after forecast of normal monsoons by the IMD. Healthcare, automobile and metals were among the sectors which performed better than benchmark during the month.
