wealthadvice2020

Indian Equity Summary-   ·         Reflection of the global volatility was visible in the domestic equity markets .The nifty small cap (+5%) indices outperformed the benchmark Ø indices, Nifty (+1.5%) on WoW basis. The overall market closed with strong market breadth, and lower volatility while the INR marginally weakened. Top gaining sectoral indices includes Bse Metals ,BSE Auto and BSE CD while BSE Bankex and BSE IT were laggards. ·         In the recently conducted MPC meeting RBI maintained status quo on the rates. Ø   ·         Going forward, global factors like development on the US -China relationship front , and domestic factors like the monsoon trajectory and Ø remaining earnings season ; will continue to dictate the trend of the domestic equity market. We expect the trading range for Nifty between 10900-11,400 in the near term. Indian Debt Market-   ·         Government bond prices fell marginally as the yield of the 10-year benchmark 5.79% 2030 paper settled at

  Indian Equity Summary -  ·          S Ø &P BSE Sensex and Nifty 50 fell by 1.4% and 1% respectively on a WoW basis, and the six-week positive trend in Indian equities came to a pause as negative feelings prevailed among market participants, on the back of rising Covid-19 cases as well as a decline in US GDP at an annualized rate of 32.9% in 2Q 2020. Healthcare and IT were the best-performing sectors, while oil & gas and banks were the worst-performing ones on a weekly basis.  ·          Going forward, global factors like development on the US -China relationship front , and domestic factors like the outcome of the RBI MPC Ø meeting ( we expect a pause in Repo rate cut in the August RBI MPC meeting) and the monsoon trajectory ; will continue to dictate the trend of the domestic equity market. We expect the trading range for Nifty between 10700-11,100 in the near term. Indian Debt Market-  ·          Government bond prices fell marginally as the yield of the 10-year be