Multi Asset Strategy Report: Axis Securities
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.
Axis Securities Report
Diversification of assets for risk calibration
Covid-19 Update: The second wave in India is outpacing its spread than the last one with average daily cases crossing 2.3 lacs in April versus 34,000 in March.
High-Frequency Indicators deteriorating sequentially: Localized lockdown is translating into more time at home.
Equities: The month of April started on a gloomy note with announcements of lockdown-like measures, first, in the key state Maharashtra followed by other states in the country.
Fixed Income: Bond yields were volatile for the month and eased by 15 basis points in the first half of the month on account of rising cases and the expectation that monetary policy will remain accommodative for an extended period of time.
Gold: Overall investor sentiments have improved in the last few months
Currency: Indian currency was highly volatile for the month of April on account of the rise in bond yields in the first half of the month.
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