India Strategy - A Correction, Finally: Motilal Oswal

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..Motilal Oswal Report.After touching a record high on October 18, 2021, the Nifty has corrected 8%, led by global factors: Fed’s taper announcement, rising bond yields, higher crude oil prices, and strengthening of the U.S. dollar Index. A big fundraise in the primary market also put some pressure on the secondary market. Sentiments were battered across global equity markets on November 26, 2021 with the detection of a new Covid-19 variant – Omicron – in South Africa. This resulted in risk-off sentiment, with markets correcting by 2-3% globally, easing bond yields, and an 11% fall in brent crude prices. India’s volatility index rallied 25% to 20.8. Since these are early days for the new variant, limited information regarding its transmission and impact on hospitalisation, mortality, etc. is available. Several countries have raised restrictions around international travel. In India, some states (Maharashtra and Karnataka) have issued fresh guidelines on travel and Covid-19 testing. .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.

India Strategy - A Correction, Finally: Motilal Oswal

India Strategy - A Correction, Finally: Motilal Oswal

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