Equity Market Outlook For March: IDFC Research
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IDFC Research Report
From Indian equities point of view, the solid December 2020 quarter earnings were clearly a key highlight.
Few, if any, would have been able to forecast, at the start of the current fiscal in April 2020, that Dec-20 quarter would deliver the highest ever quarterly profits for the BSE200 set of companies!
Domestic equity markets continued to trend higher in February. Rally was majorly broad based and across the sectors.
For the month, Small cap (12%) and Mid cap (10%) delivered the highest returns followed by Large cap (7%).
Globally, however, the worries on inflation and the unsettling moves on the U.S. 10-year yield gave a glimpse, a ‘trailer’ of reality - valuations could compress; economic growth could get stunted, if bonds yields sustained and moved ahead.
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