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This Is How India’s Financial Markets Fared During The 6 Months Of Lockdown

It has been 6 months since the lockdown was imposed in India due to the Covid-19 pandemic. One would have imagined an adverse impact of this on the financial markets. However, it has been quite the opposite not only for equities in India but across the globe.

The Nifty managed to surge 40 per cent in the last 6 months led by IT & Pharma stocks while PSU Bank index was the only sector to decline during this period. Broader market indices, small & midcap, too gained over 40 per cent each. Foreign institutional investors bought Indian equities worth Rs 75,000 crore while domestic investors bought a little over Rs 1,000 crore in the last 6 months. Here are the highlights of how equities performed over the last 6 months.