>MARKET STRATEGY: Retrospective May 2012 – Murky May

 Retrospective in Summary


• MSCI India underperformed the MSCI EM marginally, by 20bp.


• India’s performance rank improved to 12th position.


• Mid-cap performed in broadly in line with the narrow market; small cap index underperformed.


• INR fell to a record low during the month, down 6% MoM, but was down 0.3% against the EUR.


• Implied volatility rose while inter-day volatility fell MoM.


• Oil prices fell 7% in INR terms while gold prices were flat MoM.


• M&A transactions remained steady.


To read report in detail: MARKET STRATEGY


RISH TRADER