Equity outlook by Atul Kumar

In the month of May 2016, S&P BSE Sensex had a stellar performance, rising by 4.30%. On a year-to-date basis, S&P BSE Sensex has now moved to positive territory, rising by 2.64%. S&P BSE Midcap index and the S&P BSE Smallcap Index overperformed the Sensex rising by 2.53% and 1.12% respectively for the month. Sectors which performed well during the month were Capital Goods, Auto, Banking and Consumer Staples. Sectors which lagged the overall index during the month were Telecom, Healthcare and Metals.
 
FIIs invested US$380mn during the month in Indian stocks. So far, FIIs have bought stocks worth US$2.4bn in the first 5 months of the calendar year. Local Mutual funds were net buyers of US$1.1 bn during the month of May 2016. Year-to-date, mutual funds have been net buyers to the tune of US$1.4bn.

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