Tag: market outlook

Christopher Wood, global head of equity strategy at Jefferies in his latest note to investors, GREED & fear suggested that India remains Asia's best long-term structural story in terms of equities and investors should buy their favourite stocks on a decline. However, given the macro headwinds – the need to tighten monetary policy combined with the continuing risk, if not probability, of a much higher oil price, are the key reasons Wood has been in no hurry to add to the 'overweight' position he has in Indian equities in his Asia ex-Japan portfolio. Read more

Despite the ups and downs over the past one week, markets are set to register their best financial year performance in a decade. Thus far in FY21, the S&P BSE Sensex and Nifty50 have rallied 66 percent and 69 percent, respectively. Meanwhile, the gains in mid-and small-caps have been sharper with both the indices rallying 111 percent and 89 percent, respectively on the BSE. The rally has been partly on account of strong foreign inflows on the expectation of improvement in the economy after a stringent pandemic-triggered lockdown for a few months in FY21. Accommodative monetary policies of global central banks, especially the US, ensured emerging markets, including India, remained flushed with funds all through the year. During the year, foreign portfolio investors (FPIs) pumped in a record $37 billion (Rs 2.74 trillion) into equities (up to March 26), which is the highest since FY13, data from the National Securities Depository Limited (NSDL) show. Read more