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Quick Look: Markets in April 2023

Quick Look: Markets in April 2023

CM Team1 min read
Quick Facts
What is "Quick Look: Markets in April 2023" about?
What category is this article in?
Charts And Analysis
Who wrote this article?
CM Team, Capitalmind's research team.
When was this article published?
Published 4 May 2023.
How long does this article take to read?
1 min read

Markets in April 2023

  • April was a good month for stocks across the board. Nifty was up 4% and as a result is almost even for YTD 2023

  • Midcaps and Smallcaps did even better with 5.2 and 6.9% respectively

  • At the sector level, the Nifty Realty Index had a blowout month of +14.9% which brings it to +3% YTD

  • Other strong sector indices in April 2023 were Auto +7.7% and Banks +6.5%

  • Nifty FMCG continued its steady and strong performance with +4.3%. Nifty FMCG is now up +9% for the year after +20% in 2022

  • Media +0.9% and Consumer Durables +1% were laggards

  • The big loser in an otherwise euphoric month for stocks was the Nifty IT Index, down -3.3%. After losing -24.5% in 2022, the IT index is -3% in 2023.

Monthly Total Return tables as of April 2023