Unravelling August's Reversal and Global Ripples

After closing in green for four months consecutively, the frontline equity indices in India concluded in the red for the month of August. The last instance of a negative closure from these broader indices occurred in March 2023. A comprehensive examination of the performance of major global equity markets reveals a recurring narrative, regardless of whether the indices belong to developed or emerging markets. On an average, the global equity indices recorded a decline of 3 per cent over the past month, while India's equity market, as represented by the Sensex, witnessed a reduction of 2.3 per cent.