After enduring almost 18 months of turbulent markets and concerns sparked by the recent banking crisis in the US and Europe, investors finally heaved a sigh of relief in the month of April. Most of the equity indices traded in the green with the broader market stealing the show as predicted in my previous editorial. In comparison to the Nifty, which gained nearly 4 per cent, the Mid-Cap and Small-Cap indices gave 6-7 per cent returns in the first month of FY24. I believe that we are approaching the end of volatility in the equity market, peak yields and rate hikes by the central banks of India and the US.
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