From Hindustan Times: 2024-05-11 13:06:46

1. At the start of May, the Indian market was optimistic due to FPI inflows and geopolitical stability. However, optimism waned as FPI inflows decreased, tensions rose, and political uncertainties grew.
2. Lower voter turnout in the Indian general election has raised doubts about a landslide victory for the ruling BJP.
3. The Indian market saw a significant downturn in May, with mid- and small-cap stocks trading at multi-week lows.
4. In Asia, Hong Kong led the rally, while Indian indices dropped by 2.86% and 2.79% in May so far.
5. China’s economy showed signs of recovery with strong export and import growth in April, leading to increased fund flows into Chinese and Hong Kong markets.
6. In the US, the Dow Jones, S&P 500, and Nasdaq Composite saw gains in May following a sharp downturn in April.
7. British stocks hit a record high as the Bank of England hinted at potential interest rate cuts.
8. Foreign investors continued to sell Indian equities in May, attributing the trend to expensive valuations and reallocation of funds to China and Hong Kong.



Read more at Hindustan Times: Market Meltdown: Indian stocks lag behind global peers in May – key reasons explained