Multi Asset Strategy For September - Bringing Portfolios Back To Original Weights: Axis Securities
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Axis Securities Report
Covid-19 Update - Vaccination drive picked up in August 2021 with an increase of 41% month-on-month.
Sequential improvement continued in high-frequency indicators -Google mobility data exhibited sequential recovery post localised relaxations. Time stayed at home fell significantly at India level and has rebounded to March 2021 level.
Equities: Style rotation holds the key! - Market breadth narrowed in Aug-21 and high quality large cap stocks outperformed the broader market. The small cap index declined by 3% during the month.
Fixed Income - Bond yields drifted higher during the first half of the month due to the rise in crude prices and cautious market stance ahead of the Reserve Bank of India monetary policy meeting.
Currency - The Indian currency remained volatile in Aug-21.
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