Equity Market Review

In line with global equities, Indian equity markets also saw a correction during the second half of October. Domestically, the focus was on Q2FY21 earnings and the gradual reopening of the economy. COVID-19 cases in India continue to decline from their peak in mid-September. 2QFY21 earnings overall have surprised positively so far.



Debt Market Review

Indian sovereign bond closed at 5.88% vs 6.02% from its previous close ahead of the US presidential election. Traders are cautious of a contested election result and a possibility of conflict in the US weakening risk appetite globally.



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.