Equity Market Outlook For March: IDFC Research
A man stands in front of an electronic ticker board showing stock information figures outside the Bombay Stock Exchange (BSE) in Mumbai, India (Photographer Dhiraj Singh/Bloomberg)

Equity Market Outlook For March: IDFC Research

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.

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.

Click on the attachment to read the full report:

IDFC Report Equity Outlook - March 2021.pdf

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This 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.

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