Markets in April 2023
- April was a good month for stocks across the board. Nifty was up 4% and as a result is almost even for YTD 2023
- Midcaps and Smallcaps did even better with 5.2 and 6.9% respectively
- At the sector level, the Nifty Realty Index had a blowout month of +14.9% which brings it to +3% YTD
- Other strong sector indices in April 2023 were Auto +7.7% and Banks +6.5%
- Nifty FMCG continued its steady and strong performance with +4.3%. Nifty FMCG is now up +9% for the year after +20% in 2022
- Media +0.9% and Consumer Durables +1% were laggards
- The big loser in an otherwise euphoric month for stocks was the Nifty IT Index, down -3.3%. After losing -24.5% in 2022, the IT index is -3% in 2023.
Monthly Total Return tables as of April 2023