Business Standard

Confusing signal

Indices have surged, but broader markets still in loss



Business Standard Editorial Comment New Delhi
India’s financial markets produced a confusing performance in 2018-19. The benchmark big-cap indices produced good returns, but the broader market performance was negative. Foreign portfolio investors (FPIs) were net sellers, while domestic institutions (DIs) bought, on the back of steady retail investments in mutual funds. These dichotomies led to a situation where net market cap grew, but many investors suffered losses. The premier Nifty50 Index was up 14.9 per cent between April 1, 2018, and March 31, 2019. However, only 25 of the 50 stocks in that index registered gains. The mid-cap and small cap indices lost 3 per cent

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 31 2019 | 11:56 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to