Indian stocks set to post their worst half-year performance in two years

Indian equity markets are set to post their worst half-yearly performance in the past two years as the market sentiment soured in H1-CY22 on account of an elongated geopolitical conflict between Russia and Ukraine and the consequent rise in key commodity prices. That apart, central banks’ action to tame galloping inflation by raising key rates also punctured the equity market rally.

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While the frontline indices - the S&P BSE Sensex and the Nifty 50 - have shed 9 per cent each in the first half of calendar year 2022 (H1-CY22), the fall in mid-and small-cap indices has been sharper with both these indexes slipping