| Market Overview



Key Events for the Month of August 2022:

Nifty (+2.4%) moved up as the FII inflows continued from the last month, as Fed remained hawkish at the Jackson Hole. INR remained relatively stable throughout the month.

•The US 10 Yr hardened 50bps to 3.20%.

India’s GDP rose 13.5% in the June 2022 quarter (Q1FY23) as compared with the 20.1% growth registered in Q1 2021-22.

India’s CPI inflation, eased to a 5-month low 6.71% in the month of July down from 7.01 per cent in June. India’s WPI inflation eased to 13.93% in July which had spiked to 15.18% during the month of June.

•Collections from GST rose 28% to Rs 1.43 lakh crore in August. GST collection has remained over the Rs 1.4-lakhcrore mark for the sixth straight month in August.

FIIs were net buyers in the month of August 2022 to the tune of $6.8bn while DIIs turned sellers at $890M.

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