Indian Markets continue give away gains – The Indian markets extended their losing streak for the consecutive months as the geopolitical conflict in Europe continues to impact the global economic growth. The continuous stress in the supply chains and high volatility in the commodity prices, which are at the elevated levels, have resulted in centrals banks aggressively tightening monetary policy and liquidity conditions to tackle inflation. With rising interest rates in the US and Europe, the FIIs continue to pursue safer investments and as a result impacting the emerging market economies. The FIIs were sellers to the tune of `40,000 Cr in the month of May’22 and the current trend is likely to carry on as the US Fed continues to hike interest rates.
