Motilal Oswal: Markets Rally For Third Straight Month; FII Inflows Highest In A Decade

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.The Nifty ended 2.8% higher month on month at 11,388 in August 2020 with the index closing higher for the third straight month now.Mid-caps and small-caps led the market, making the rally more broad-based. This was aided by huge foreign institutional investor (FII) inflows in August 2020 of $6.1 billion – the highest monthly inflows in 10 years.Domestic institutional investors continued to sell with outflows of $1.5 billion.However, the Nifty is still down 6.4% year-to-date CY20. The Nifty Midcap100 price to earnings ratio now trades at 7% premium to the Nifty at 21.9 times (versus 11.5 times in March 2020), however it is still at a discount at price to book.We hosted our 16th Annual Global Investor Conference over the last two weeks comprising 20 CEO Track Sessions, followed by 140 Companies and presenting one-on-one group interactions with 500 plus investors.Key takeaways from the conference are:Demand is gearing toward normalcy faster than we expected,Supply pressures are easing and normalcy is getting restored. Cost reduction and capex deferment exist as tools across sectors to manage the bottom line in these unprecedented times,Rural India is doing phenomenally well..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 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.

Motilal Oswal: Markets Rally For Third Straight Month; FII Inflows Highest In A Decade

Motilal Oswal: Markets Rally For Third Straight Month; FII Inflows Highest In A Decade

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