|
|
|
|
|
|
|
|
Key highlights from the Equity Market Monitor |
|
|
|
|
Indian Equities Markets fell sharply in March 2026, marking the worst monthly decline since 2020, driven by geopolitical tensions, a spike in crude oil prices and heavy foreign outflows. Amongst sectoral indices, defensive sectors like Nifty Healthcare and Nifty IT indices showed relative resilience. |
|
|
|
|
Global Markets Global markets corrected in Mar’26 amid risk aversion, with tech‑heavy US indices relatively resilient, while MSCI Emerging Markets index saw sharper declines due to FII outflows, higher crude oil and elevated risk aversion. |
|
|
|
|
Key Macro Indicators Merchandise exports were flat, while strong imports signalled resilient domestic demand. GST collections softened on a high base, even as DII inflows from SIPs provided key support.
|
|
|
|
|
|
|
|
|
|
Source: PIB, Bloomberg, KMAMC Internal. Data as of 30th March 2026 for Indian Markets and 31st March 2026 for global markets, details as per latest data available publicly. Past performance may or may not be sustained and returns are absolute. MTD refers to Month to Date, CYTD to Current Year to Date Data, FY26E to Estimate of FY26, and FY27E to Estimate of FY27. The stocks and sectors mentioned do not constitute any kind of recommendation and are for information purpose only; Kotak Mahindra Mutual Fund may or may not hold position in the mentioned stock(s) or sector(s). PE denotes Price to Earnings ratio, FMCG stands for Fast Moving Consumer Goods, IT for Information Technology, CPI for Consumer Price Index or Inflation, IIP for Index of Industrial Production, PMI for Purchasing Manager’s Index, GST for Goods and Service Tax, and Bn for Billion. |
The information contained in this document is extracted from different public sources/KMAMC internal research. The document includes statements/opinions which contain words or phrases such as “will”, “believe”, “expect” and similar expressions or variations of such expressions that are forward looking statements. Actual results may differ materially from those suggested by the forward looking statements due to risk or uncertainties associated with the statements mentioned with respect to but not limited to exposure to market risks, general economic and political conditions in India and other countries globally, which may have an impact on services/investments, the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices etc. |
All reasonable care has been taken to ensure that the information contained herein is not misleading or untrue at the time of publication and is provided for the information of the person to whom it is furnished, without any liability whatsoever on the part of KMAMC or any associated companies or any employee thereof. This document should not be considered as a recommendation of any kind. Investors are advised to consult their financial advisors and/or tax advisors before making any investment decision. Past performance may or may not be sustained in the future, and investors should take investment decisions after considering their risk appetite. KMAMC / Kotak Mutual Fund does not guarantee or promise any future returns or performance. These materials are not intended for distribution to or use by any person in any jurisdiction where such distribution would be contrary to local laws or regulations. Distribution of this document in certain jurisdictions may be restricted or totally prohibited, and persons who come into possession of this document are required to inform themselves about and observe any such restrictions. |
Mutual Fund investments are subject to market risks, read all scheme related documents carefully. |
|
|
|
|
|
|
|
|
