Key Events for the Month of April 2023:

• Nifty (4.1%) moved up sharply as macro concerns abated and FII flows in the country increased.

• IMF said that it expects India's economy to grow 5.9% in the current fiscal year. It forecasts global real GDP growth at 2.8% for 2023 and 3% for 2024.

• WPI based inflation for the month of March came in at 1.34% as compared to March 2022.

• GST revenue collected in the month of April, is Rs 1.87tn.

• FIIs were net sellers in the month of April 2023 to the tune of $1.5bn and DIIs bought to the tune of $302mn.