Equity Market Review

Nifty after trading in a tight range during the month of July rallied in August (+8.7%) closed above 17000 levels at month-end to register the best monthly gains in CY21 led by gains in all heavyweight stocks. However, the broader market took a bit of a breather after strong gains in Jul with BSE Mid-cap and BSE Small-cap indices gaining 3.3% and 0.5% respectively. Indian markets are enjoying a considerable bull run, with Year-to-date gains of 20%+, supported by global liquidity.

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Debt Market Review

The 10-year benchmark G-Sec yield closed at 6.22% vs 6.20 in the previous month. Benchmark 10-year treasury yields were up 2 bps and ended the month at 6.22%. Brent oil price declined 5.5% to ~$71/bbl in August.

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Disclaimer – This document is for general information only and does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. Investments in mutual funds and secondary markets inherently involve risks and recipient should consult their legal, tax and financial advisors before investing.

 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.