The first six months of FY19 have been nothing short of a roller-coaster for the domestic equity market. This has been a highly volatile period for stocks, thanks to a variety of reasons — from valuation concerns to weakening macros, liquidity tightening, foreign institutional investor (FII) outflows, increase in crude oil prices and trade tensions among the world's biggest economies.
During the April-September period, select large-caps lifted the frontline indices to record highs, while the broader market seemed to crumble like a house of cards.
Data-wise, the S&P BSE Sensex gained 9.88 per cent in the April-September period, while the