Snapping its 3-straight month losses, Indian benchmark indices recorded the best ever month for the ongoing financial year amid global uncertainties and back home economic slowdown in demand as well as consumption. Both the Nifty and Nifty gained during the month.
Nonetheless, when talking quarter wise, it has been the worst quarter since March 2018 for the Nifty while for the Nifty Bank it had been the worst quarter in more than 6 years time.
Also, the midcap index posted the worst quarter since March 2018 and the smallcap index posted the worst quarter since September 2018.
Sectoral wise, PSU Bank and Energy also snapped their 3-month loss while the Auto index recorded the best month since April 2018. Also, the FMCG index logged the best quarter since June 2018.
Nonetheless, PSU Bank index recorded the biggest decline in a quarter in more than 10 years.The metal index declined 4th quarter in a row to post the worst quarter since September 2015 and the Auto index declined 7th quarter in a row.