wealthadvice2020

  Indian Equity Summary- ·          The week concluded on a positive note for the domestic equity market while the banking index once again outperformed the benchmark index Ø and concluded the week with the gains of 4%. On the back of strong FII fund inflows and optimistic hints from global markets, Nifty ended ~2 percent higher. The feelings of market participants were strengthened by reports that the government is open to more stimulus steps to support the corona virus-hit economy. The government is planning to boost demand, including spending on infrastructure and a potential package for the hospitality sector with more stimulus measures.   ·          Going forward, global factors like development on the US elections front, US /China relations , and domestic factors like start of the Q2 Ø corporate earnings season moratorium decisions and FII/DII inflows and USD/INR rates ; will continue to dictate the trend of the domestic equity market. We expect the trading range for Nifty

  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 consolidate within a wider range, demonstrating clearly that a sideways movement is more probab

·         The mutual fund industry witnessed net outflows to the tune of ~52,091 cr in September 2020 as against net outflows of ~INR 14,553 cr in August 2020. The equity category witnessed net outflow of Rs ~1009 cr in September 2020 as against net outflow of Rs ~ INR 4028 cr in the previous month. ·          AUMs of debt, equity and hybrid schemes in August 2020 accounted for 49.9%, 29.5% and 11.0% respectively of the overall AUMs; the balance ~9.6% was contributed by solution oriented and other schemes. ·          AUM of the mutual fund industry declined by 2.3% MoM (INR63,407 Cr) to INR26.86 Lakh Cr in Sept 2020. On QoQ basis, the total AUM of Mutual Fund increased by 5.4% and 9.6% YoY.   ·          Domestic mutual funds were net equity sellers in last 4 months. Mutual Funds v were net equity sellers to an amount of INR 904.69 Cr in Sept 2020 as against net sellers of INR8,418.73 Cr in Aug 2020. ·          Total AUM in Equity category stood at INR 7.92 lakh cr in September

  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 trajectory and USD/INR rates ; will continue to dicta

  Indian Equity Summary ·          Based on the stellar performance of Reliance shares and IT related stocks, the benchmark indices Nifty / Sensex closed positively ~1.2 per cent Ø on a WoW basis. The bank's nifty index closed in negative as the Supreme Court ruling on the indecision over interest was acting as an overhang while the RBI gave banks more space to continue extending the moratorium on loans as per the KV Kamath committee resolution framework which allows for the restructuring of corporate and personal loans.   ·          Going forward, global factors like development on the US -China relationship front , India Ø & China border issues and domestic factors like the monsoon trajectory and remaining earnings season ; will continue to dictate the trend of the domestic equity market. We expect the trading range for Nifty between 11000-11,600 in the near term. . Markets may consolidate within a wider range, demonstrating clearly that a sideways movement is more prob

 Indian Equity Summary ·         A sharp increase in the Covid-19 cases, weak macroeconomic results, India / China border tension casted its shadow on the domestic equity Ø market with the Sensex / Nifty benchmark closing by ~3% in red on a wow basis, as the two-week positive trend in Indian equities came to halt.   ·         On the macro front , the manufacturing sector is also pointing towards a turnaround as the IHS Markit India Manufacturing Purchasing Ø Managers Index (PMI) rises to 52.0 in August from 46.0 in July, while other leading indicators, such as automotive sales, have seen a year-onyear growth, driven by increased demand due to unlocking and to some degree, due to the low base effect.   ·         Going forward, global factors like development on the US -China relationship front , India Ø & China border issues and domestic factors like the monsoon trajectory and remaining earnings season ; will continue to dictate the trend of the domestic equity market. We e