ICICI Securities: India’s Financial Conditions Ease Further; Highest Since May 2020
An employee holds Indian rupee banknotes while writing on a notepad.(Photographer: Dhiraj Singh/Bloomberg)

ICICI Securities: India’s Financial Conditions Ease Further; Highest Since May 2020

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.

ICICI Securities Report

Our proprietary Financial Conditions Index shows that financial conditions improved to their highest score since May 2020.

Significant improvement in money market and stock market drove the overall improvement in financial conditions.

Increase in interbank liquidity, subsequent fall in money market rates below reverse repo and robust stock market performance on the back of positive Covid-19 vaccine development news drove the improvement in overall financial conditions.

Our calculation shows that financial conditions score improved to 10.94 in Nov-20 from 9.61 in October 2020.

Click on the attachment to read the full report:

ICICI Securities Financial Conditions Index.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 brokerage 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.

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