• Implementation of LTCG tax on equity and equity oriented funds and DDT on the latter along with positive data points from US spooked the markets.
• Large Cap index Nifty closed down by 4.9%. Mid and Small Cap Index were down by 5.2% and 5.4%
• Globally, the debt markets remained volatile.
• Last month equity markets saw an outflow to the tune of $1.93bn while the DIIs bought $ 275mn.
• CPI in Jan stood at 5.07%, WPI as well fell to 2.84%, IIP came strong at 7.1%
• Q3 GDP positively surprised the markets by clocking 7.2%.