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Key Events for the Month of March 2024
• Nifty in the Indian equity market saw gains by rising 1.57%.
• In February, India's CPI inflation remained steady at 5.09%. The inflation has remained within the RBI's tolerance
level of 2-6% for six consecutive months.
• The WPI inflation moderated further to a four-month low of 0.20% in February, as against 0.27% in January.
• India's current account deficit decreased to $10.5 billion or 1.2% of GDP in the October-December quarter, down
from $11.4 billion in the previous quarter.
• India's GST collection for March 2024 stood at Rs 1.78 lakh crore, marking the second-highest collection ever and
reflecting an 11.5% year-on-year growth.
• In February, India's manufacturing activity remained in expansionary territory, with the PMI for the sector reported
at 56.9.
• India's services sector sustained its expansion in February, with the PMI for the sector remaining at 60.6.
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Sectoral Index Performance |
| Name | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years |
| Nifty Auto Index | 15.00% | 32.30% | 74.90% | 29.60% | 20.80% |
| Nifty Bank Index | -2.40% | 5.70% | 16.00% | 12.30% | 9.10% |
| Nifty Energy Index | 16.60% | 42.80% | 71.00% | 29.00% | 18.80% |
| Nifty Financial Services Index | -2.30% | 5.90% | 16.20% | 10.10% | 10.80% |
| Nifty FMCG Index | -5.30% | 4.50% | 17.50% | 15.60% | 12.20% |
| Nifty Healthcare Index | 13.40% | 24.10% | 58.20% | 18.10% | - |
| Nifty Infrastructure Index | 14.10% | 33.50% | 63.70% | 26.90% | 21.00% |
| Nifty IT Index | -1.70% | 9.80% | 21.60% | 10.50% | 17.40% |
| Nifty Media Index | -24.80% | -20.80% | 5.60% | 5.10% | -6.40% |
| Nifty Metal Index | 3.50% | 20.70% | 50.20% | 27.60% | 22.10% |
| Nifty Pharma Index | 12.90% | 23.20% | 58.10% | 15.70% | 15.20% |
| Nifty PSU Bank Index | 22.60% | 33.30% | 88.60% | 48.20% | 16.00% |
| Nifty Realty Index | 15.00% | 56.50% | 132.50% | 39.30% | 27.30% |
| S&P BSE Consumer Durables Index | 4.60% | 15.20% | 38.90% | 16.80% | 17.00% |
| S&P BSE Industrial Index | 8.70% | 24.50% | 79.90% | 44.70% | 32.00% |
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Global Index Performance |
| Name | 3 Month | 6 Month | 1 Year | 3 Years | 5 Years |
| MSCI World | 8.40% | 20.50% | 23.10% | 6.90% | 10.30% |
| MSCI Emerging | 1.60% | 9.20% | 5.10% | -7.60% | -0.30% |
| MSCI India index | 6.20% | 18.80% | 37.50% | 16.30% | 14.50% |
| DJIA | 5.60% | 18.80% | 19.60% | 6.50% | 8.90% |
| Nasdaq Composite Index | 9.10% | 23.90% | 34.00% | 7.30% | 16.20% |
| Nikkei 225 | 20.00% | 26.10% | 43.20% | 11.30% | 13.60% |
| Shanghai Composite | 1.20% | -3.20% | -8.00% | -4.40% | -0.50% |
| Deutsche Boerse AG german Stock Index DAX | 10.40% | 20.20% | 18.30% | 7.20% | 9.90% |