Clouds with a Silver Lining - Stocks Up For Grabs At Attractive Prices!

The month of February was nothing short of exciting amid volatility, which was similar in some ways to a T-20 match. The power-packed opening by the Union Budget 2022 set the run rate of the Indian stock market at an accelerating pace. The benchmark indices rejoiced with a pre-budget Sensex rally of 814 points and yet another 848 points gain on the Budget Day itself. The RBI MPC meeting in the second week of February was also well-received as the apex bank maintained a dovish stance by keeping the repo rate unchanged at 4 per cent and inflation projection for FY23 at 4.5 per cent.

In the days that followed, markets remained under selling pressure amid weak global clues, impending Russia-Ukraine war and fears of US Fed rate hike. As Russia invaded Ukraine on February 24, the Sensex suffered a huge loss of 2,792 points, which was the 10th biggest intra-day loss of almost 5 per cent. But markets were quick to rebound the next day, gaining 2.44 per cent or 1330 points.

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