Equity Market Review

After lagging behind in January, Indian equities significantly outperformed Emerging Markets (EMs) on post-budget euphoria. The Union Budget which was presented on February 1, 2021, stressed upon higher public capital expenditure.

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Debt Market Review

Indian sovereign bond closed at 6.23% up by 35 bps vs 5.91%. A rise in commodity prices has fanned inflation risks, pushing bond yields higher. The central bank conducted a special OMO, entailing simultaneous purchase and sale of G-Secs aggregating Rs 15,000 crore each on March 4.

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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.