India’s Leading BFSI and FinTech Companies 2022

20 Current Scenario Indian equity markets witnessed bull run in FY21 & FY22 backed by recuperating global and domestic economic conditions. BSE Sensex and Nifty 50 surged to peak at 61,766 and 18,477 respectively on October 18, 2021. Yet, both the stock indices substantially underperformed in FY22 (Apr-January) as compared to the previous year. The substantial gains in both the indices in FY21 can largely be attributed to the robust foreign portfolio investment (FPIs) inflows. In FY21, FPIs reported net inflows of US$ 36 bn, the highest since FY15. On the contrary, FPIs turned net sellers in FY22 (April-February) and pulled out US$ 7.9 bn, the highest since FY09. Nonetheless, Domestic Institutional Investors which turned net buyers during this period helped offset the impact of FPI outflows on equities. Further, good corporate earnings, progress on COVID-19 vaccination and withdrawal of containment measures across the country also aided the indices in FY22. However, towards the end of FY22, both the benchmark indices plunged significantly on account of negative cues from the global financial markets amidst the conflict between Russia-Ukraine. Key benchmark stock indices underperformed in FY22 as compared to the previous year 75 79 16 17.5 0 20 40 60 80 100 Sensex Nift-50 % growth FY21 FY22 (Apr-Jan) Source: RBI & BSE Indian indices outperformed their emerging market peers 18.1 17.7 5.7 - 10.1 10.9 10.9 6.9 - 2.7 -20 -10 0 10 20 Nify 50 S&P BSE Sensex Shanghai Composite, China Brazil Ibovespa Taiwan TAIEX FTSE/JSE All Share Index, S. Africa MOEX Russia Index KOSPI, S. Korea % Growth Source: Economic Survey 2021-22 SECURITIES MARKETS Dun & Bradstreet