May 2023 proved to be an exceptional month for Indian equities, defying the common adage of “sell in May and go away.” While global markets experienced volatility, Indian stocks recorded significant gains. Foreign institutional investors (FIIs) played a pivotal role in driving market optimism, making substantial net purchases.

Read our take on why Indian markets bucked the global trend & emerged strong in May 2023 and also check out the Monthly Peer Group PMS report with performance data as of 31.05.2023.

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