Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Market Commentary

| More

Post Market views - April 19, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Posted On: 2021-04-19 14:46:55 (Time Zone: UTC)


Domestic equities, which were looking resilient for last couple of days, fell sharply today on sharp spike in COVID-19 cases across the country and enhanced economic restrictions imposed by several states. Announcements of wider mobility restriction by Rajasthan and Delhi governments today dented investors' sentiments. Barring Pharma and IT, which remained resilient, all key sectoral indices witnessed sharp correction. Financials and Automobiles witnessed steeper correction today. Notably, volatility index soared by over 11%, which does not augur well. Investors' wealth got eroded by over Rs3 trillion today. Britannia, Dr Reddy's, Infosys and Wipro were among top gainers, while Adani Ports, Powergrid, IndusInd Bank and Hero Motocorp were laggards.

A persistent record rise in COVID-19 daily cases (already crossed 2.7 lakh) and possibility of wider economic restrictions by several states have weighed on investors' sentiments. Further, deteriorating COVID-19 recovery rates at 86% and healthcare falling short to treat patients to the best levels are making things scary, which can further aggravate investors' concerns. However, government's continued endeavor to expedite vaccination process by increasing supply of vaccines in the country and indication of no nationwide lockdown have offered some comfort. In our view, domestic markets may remain volatile until there is sign of reversal in new COVID-19 cases. However, current level of mobility restrictions imposed at different states and government's focus to improve supply of vaccine in the country should be helpful to contain outbreak in coming weeks and essentially should not lead to large economic damage. Notwithstanding some adverse impact on economic activities for one or two months, a sharp pickup in capital expenditures in current fiscal is still on the cards. Further, softening of global bond yields, normal monsoon forecast and RBI coming to rescue of INR slide should offer comfort to investors. A meaningful pickup in government's capex and recovery in investment and consumption cycle are expected support corporate earnings in ensuing quarters. Hence, earnings recovery in FY22E still remains promising. Therefore, any near-term possible correction in the market should be treated as opportunity of bargain trading. Investors must focus on quality stocks with robust earnings visibility and margins of safety.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

Market defends key levels, real action seen in numerous themes : Angel Broking

Rupee - May 7, 2021 - Reliance Securities

Daily Markets - May 7, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - May 7, 2021 - Bonanza Portfolio

Post Market views - May 7, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - May 7, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - May 6, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Slowly and steadily market continues its upward march : Angel Broking

Daily Market Commentary - May 6, 2021 - Bonanza Portfolio

Post Market views - May 6, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - May 6, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - May 5, 2021 - Reliance Securities

RBI Governor boosts traders' sentiments, Nifty reclaims 14600 : Angel Broking

Daily Markets - May 5, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - May 5, 2021 - Bonanza Portfolio

Technical View - May 5, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - May 4, 2021 - Reliance Securities

Technical View - May 4, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Commentary - May 4, 2021 - Bonanza Portfolio

Daily Markets - May 4, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - May 4, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Rupee - May 3, 2021 - Reliance Securities

Daily Markets - May 3, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - May 3, 2021 - Bonanza Portfolio

Daily Markets - April 30, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Tail end correction spills water on bulls' comeback : Angel Broking

Post Market views - April 30, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Rupee - April 30, 2021 - Reliance Securities

Daily Market Commentary - April 30, 2021 - Bonanza Portfolio

Technical View - April 30, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - April 29, 2021 - Reliance Securities

Daily Markets - April 29, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Technical & Derivatives Report - 29th April 2021: Angel Broking

Daily Market Commentary - April 29, 2021 - Bonanza Portfolio

Post Market views - April 29, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - April 29, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - April 28, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Technical View - April 28, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - April 28, 2021 - Reliance Securities

Daily Market Commentary - April 28, 2021 - Bonanza Portfolio

Post Market views - April 28, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Domestic and global factors triggers head start for the week : Angel Broking

Technical View - April 27, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - April 27, 2021 - Reliance Securities

Daily Market Commentary - April 27, 2021 - Bonanza Portfolio

Daily Markets - April 27, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - April 27, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Daily Markets - April 26, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Rupee - April 26, 2021 - Reliance Securities

Daily Market Commentary - April 26, 2021 - Bonanza Portfolio


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020