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The World This Week 1st October 2020 to 9th October 2020

  Indian Equity Summary-   ·          A spectacular comeback by the bulls for the second consecutive week as the benchmark Indices Nifty closed in green, +4.6 % on the back of Ø rally in the IT and the BFSI stocks. Expectations of another fiscal stimulus by the GOI ahead of the festive season , flush in global liquidity and with RBI continuing with its pause stance on the interest rate with the accommodative approach lifted the market sentiment.   ·          Going forward, global factors like development on the US elections front, decision on US stimulus package, while domestic factors like start of Ø the Q2 corporate earnings season and CPI/IIP data ,moratorium decisions and FII/DII inflows , inflation trajectory and USD/INR rates ; will continue to dictate the trend of the domestic equity market. We expect the trading range for Nifty between 11750-12,200 in the near term. Markets may c...
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The World This Week – 25th September 2020 to 2nd October 2020

  Indian Equity Summary -   ·  The S Ø &P BSE Sensex and Nifty 50 jumped 3.5 percent and 3.3 percent , respectively as the domestic stock market bounced back on the back of a broad-based rally. Robust domestic factory activity and GST collection figures and more government relaxation on Covid-19-related constraints boosted market sentiments, while optimistic global signals, including China's bullish economic data and expectations of fresh US stimulus steps, led to more market buying.   ·  The central government, in an affidavit filed in the Supreme Court, has supported waiving compound interest or ‘interest on interest’ for small Ø  ticket loans up to Rs 2 crore which may have some negative impact on the banking stocks going forward.   ·  Going forward, global factors like development on the US -China relationship front , US elections ,India Ø  & China border issues while domestic factors like FII/DII inflows , inflation trajecto...
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The World This Week – 7th – 15th Nov 2020.

Indian Equity Summary- ·          Optimism had rubbed its positive impact on the domestic market over the initial performance of Pfizer's Covid vaccine and the outcome of the US presidential election. Nifty and Sensex ended on a WoW basis in green and increased by ~4 percent. The government announced a series of stimulus initiatives, including credit support for stressed sectors, employment creation incentives and multiple measures for construction and housing, as boosters for the Covid hit economy under Aatmanirbhar Bharat 3.0, which boosted the market sentiment. ·          Going forward, with the uncertainty due to US elections moving out of the way volatility will reduce substantially leading to money moving towards the riskier assets; domestic factors like ongoing Q2 corporate earnings season, and FII/DII inflows and USD/INR rates ; will continue to dictate the trend of the domestic equity market. We...
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