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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