BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
The Nifty ended 7.5% month-on-month higher at 11,073 in July 2020. The index has maintained its upward momentum and closed higher for the second consecutive month.
Corporate commentaries on gradual demand recovery coupled with benign global backdrop aided the Nifty’s north-bound journey. However, the Nifty is still down 9% year-to-date CY20. After the sharp up-move during April-July 2020, the Nifty (excluding banking and financial sector and insurance, which is still down 28%) has moved past its pre-Covid-19 levels.
July 2020 saw domestic institutional investor outflows of $1.3 biliion – the highest in the last 16 months. Foreign institutional investor inflows remained healthy at $1.2 billion. The Nifty Midcap 100 price to earnings now trades on par with the Nifty at 20.8 times (versus 11.5 times in March 2020).
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