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