ICICI Direct Says Investments In Riskier Assets To Continue In 2021; Recommends Top Stock Picks
A worker picks strawberries in a greenhouse in Nonsan, South Chungcheong province, South Korea. (Photographer: SeongJoon Cho/Bloomberg)

ICICI Direct Says Investments In Riskier Assets To Continue In 2021; Recommends Top Stock Picks


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ICICI Direct Report

As the Covid-19 pandemic continues to remain a bigger concern for the global economy, major central banks around the globe have reduced interest rates to near-zero to address the situation while emerging economies, including India, have also reduced interest rates to historic lows

While developed economies are facing deflationary pressure, the monetary easing around the world is expected to continue in the coming year also as the global economy will need more fiscal support to recover.

However, higher inflation remains a major concern for India. Still, RBI is not looking at inflation and has clearly mentioned its pro-growth stance. Thus, policy rates in India are also likely to remain unchanged in the foreseeable future.

Meanwhile, as the dollar continues to weaken against a basket of major currencies, we have seen investments into riskier assets, including commodities in 2020. This is expected to continue next year as well

Click on the attachment for the full list of ICICI Direct’s stock picks for 2021:

ICICI Direct Derivatives Yearly 2021.pdf


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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