Year in Review: Major factors that affected markets in CY 2019

Equity markets appeared quite nonchalant to the steady deterioration in the macro indicators in calendar year 2019 (CY19). While the indices moved up to record highs, gains were limited to a handful of index stocks. The benchmark S&P BSE Sensex gained an impressive 13.7 per cent during the period, while NSE's Nifty added 11.2 per cent. The broader market, however, continued to reel under pressure with the S&P BSE Midcap and S&P BSE SmallCap indices sliding 4 per cent and 9 per cent, respectively.

As the year draws to a close, here's a look at major events that affected markets