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Market down 2% in April; IT, media a drag but mid, smallcaps outperform

In April, the Sensex declined 1,507.64, or 2.57 percent, and the Nifty lost 362.25 points, or 2.07 percent, as a mix of global and domestic factors kept investors worried

April 30, 2022 / 11:58 AM IST

The Indian market lost 2 percent in April, erasing some of the previous month’s gains, as a mix of global and domestic worries trigger high volatility.

Nervousness in the global market after the US Federal Reserve hinted at an aggressive rate hike, rising bond yields and crude prices, the worsening Russia-Ukraine war, mixed quarterly earnings from India Inc and relentless FII selling have kept investors worried.

Another week flashes red

During the week ended April 29, the Sensex was down 136.28 points, o 0.23 percent, at 57,060.87, while the Nifty ended 69.45 points, or 0.40 percent, lower at 17,102.5.