BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
After touching a record high on October 18, 2021, the Nifty has corrected 8%, led by global factors: Fed’s taper announcement, rising bond yields, higher crude oil prices, and strengthening of the U.S. dollar Index.
A big fundraise in the primary market also put some pressure on the secondary market. Sentiments were battered across global equity markets on November 26, 2021 with the detection of a new Covid-19 variant – Omicron – in South Africa.
This resulted in risk-off sentiment, with markets correcting by 2-3% globally, easing bond yields, and an 11% fall in brent crude prices. India’s volatility index rallied 25% to 20.8.
Since these are early days for the new variant, limited information regarding its transmission and impact on hospitalisation, mortality, etc. is available.
Several countries have raised restrictions around international travel. In India, some states (Maharashtra and Karnataka) have issued fresh guidelines on travel and Covid-19 testing.
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