Key Events for the Month of April 2025

• India’s Services Purchasing Managers' Index (PMI) eased slightly to 58.5 in March from 59.0 in February, impacted by marginally slower sales growth amid softer demand and easing inflationary pressures.

• Manufacturing Purchasing Managers’ Index (PMI) rose to 58.1 in March 2025, up from 56.3 in February, driven by stronger growth in new orders. The New Orders Index hit an eight-month high, supported by increased customer interest, favourable demand conditions, and effective marketing initiatives.

• India’s retail inflation (Consumer Price Index - CPI) declined slightly to 3.34% in March, its lowest in nearly six years, primarily due to falling prices of vegetables and protein-rich food items.

• India’s Wholesale Price Index (WPI) moderated to 2.05% in March from 2.38% in February, mainly influenced by price movements in manufactured food products, food articles, textiles, electricity, and other manufactured items.

• GST collection reached an all-time high of ₹ 2.36 lakh crore in April 2025, a 12.6% rise over ₹ 2.10 lakh crore collected in April 2024. The robust double-digit growth in GST indicates strengthening economic activity.

• Indian equity indices posted moderate monthly gains, with the Nifty 50 rising 3.77% and the BSE Sensex climbing 3.65%.

|	Sectoral Index Performance

Name	3 Months	6 Months	1 Year	3 Years	5 Years
Nifty Auto Index	-2.4%	-5.1%	-0.8%	26.2%	30.4%
Nifty Bank Index	11.1%	7.0%	11.5%	15.1%	20.7%
Nifty Energy Index	1.0%	-12.9%	-15.2%	6.2%	21.1%
Nifty Financial Services Index	12.5%	9.3%	19.6%	16.2%	19.8%
Nifty FMCG Index	-0.4%	-4.7%	4.1%	13.9%	14.5%
Nifty Healthcare Index	1.9%	-2.6%	17.4%	18.6%	20.3%
Nifty Infrastructure Index	5.2%	-0.4%	2.5%	19.6%	26.1%
Nifty IT Index	-16.1%	-11.4%	7.8%	4.2%	20.5%
Nifty Media Index	-4.2%	-25.0%	-20.0%	-11.0%	5.5%
Nifty Metal Index	2.2%	-8.0%	-6.5%	10.7%	35.8%
Nifty Pharma Index	1.6%	-4.2%	14.8%	17.3%	18.5%
Nifty Psu Bank Index	3.6%	-2.7%	-14.0%	33.3%	37.6%
Nifty Realty Index	-3.9%	-11.4%	-9.0%	25.9%	36.4%
BSE Consumer Durables Index	-0.7%	-5.3%	4.1%	10.4%	22.8%
BSE Industrial Index	-5.3%	-12.7%	-3.6%	31.7%	44.0%

Source: Bloomberg, As on 30/04/2025. The Sector(s)/Stock(s)/mentioned in this document do not constitute any research report/recommendation of the same and the scheme(s)/Fund may or may not have any future position in these Sector(s)/Stock(s)

|	Global Index Performance

Name	3 Months	6 Months	1 Year	3 Years	5 Years
MSCI World Index	-4.7%	0.2%	10.6%	9.3%	12.2%
MSCI Emerging Index	1.8%	-0.6%	6.4%	1.1%	3.8%
MSCI India index	2.8%	-1.4%	5.4%	12.2%	19.9%
Dow Jones Industrial Average Index	-8.7%	-2.6%	7.5%	7.2%	10.8%
Nasdaq Composite Index	-11.1%	-3.6%	11.4%	12.2%	14.4%
Nikkei 225 Index	-8.9%	-7.8%	-6.1%	10.3%	12.3%
Shanghai Composite Index	0.9%	0.0%	5.6%	2.5%	2.8%
Deutsche Boerse AG german Stock Index DAX	3.5%	17.9%	25.5%	16.8%	15.7%

Source: Bloomberg, As on 30/04/2025