Weekly Performance Report - Week 4: March 2023

The sentiments at the start of the week ran high as our nation had the beginning of Navratri, Ugadi, and Ramadan festivities just around the corner.

Sadly expectations and hopes don’t drive market reality. Monday and Tuesday, the US markets continued to gain steadily, giving way to hope for a bull run. Come Thursday, a Fed hike of 0.25% set up the market for a tumble.

With this news, the battle of inflation materialized, with global markets taking cues. This led to a volatile show for the remaining week, ending today with deep cuts throughout the sectoral indices.

Nifty closed in red down with 134 points. Most sectoral indices ended in the red, with Metal, Realty, and IT leading the losers. FMCG being a defensive index survived the bloodbath closing in the green.

Nifty Rider closed 2.13% in green, reinforcing the importance of hedging in volatile times. High Five remains our unrelenting star performer with consistent gains YTD. Back-Up made a stunning comeback with a 3%+ gain this week.

Other models may have suffered this week, but the dust will eventually settle as long as one remains systematic.

Team Investmint wishes you in advance for the many happy festivities to begin over the coming few days. Have a great weekend! We will see you back next week.