India Strategy - A Stellar End To The Fiscal: Motilal Oswal 
Fireworks explode over the near deserted Times Square.  (Photographer Angus Mordant/Bloomberg)

India Strategy - A Stellar End To The Fiscal: 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

The Nifty ended FY21 with stellar (71%) returns. The returns look stellar due to the low base of FY20 when markets fell 26%.

The market delivered positive returns in all four quarters of FY21.

Foreign institutional investor flows in equities in FY21 were the highest ever at $ 37.6 billion while domestic institutional investor equity flows saw outflows after five consecutive years of inflows.

After the Covid-19 led sharp correction in March 2020, which dragged the FY20 returns, markets gradually recouped its losses in FY21, led by policy measures by governments, central banks as well as a better than expected corporate earnings performance which resulted in two consecutive quarters of earnings upgrades, a first in many years.

Click on the attachment to read the full report:

Motilal Oswal India Strategy March.pdf

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