Hawkish comments by US Fed members led to increased volatility in April – After staging a sharp rebound in March, markets turned volatile in April as the US Fed members signaled a more hawkish stance prior to the US FOMC meeting in May. The Nifty opened on a strong note and briefly managed to move above levels of 18,000 in the first week of April. However, post that the Nifty continued to drift down for the rest of the month as FIIs continued to remain net sellers to the extent of `17,143 cr. for the month.
