Capital Market Strategy And Top Idea Picks: IDBI Capital

"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..IDBI Capital Report.Global Market Performance: Equity market across the world, after falling in the first fortnight of December 2021, recovered sharply in second half. For the month, S&P 500 was up 4% month-on-month. Positive performance in equity market was driven by waning of fears over the omicron variant as hospitalisation rates was contained and economic activity was not impacted.India Performance: India equity market (Nifty-50) was up 2% month-on-month in Dec-21. Overall, Indian market is getting consolidated from the last two-three months. Sectoral wise, Indian IT sector (up 10% month-on-month) outperformed with positive rub off from Accenture’s increased revenue guidance to 19-22% YoY from 12-15% YoY for FY22.Economic Parameter: Consumer price index inflation (Nov-21) was at up 4.9% (versus up 4.5% in Oct-21). Despite cut in the fuel price, inflation increased month-on-month due to rise in inflation for food and beverages, housing, clothing and footwear. We understand inflation to mellow down in 2022, led by free up of supply-chain bottlenecks, YoY comparisons will make high inflation difficult to stand..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Capital Market Strategy And Top Idea Picks: IDBI Capital