Mutual Fund Monthly Review: ICICI Direct
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ICICI Direct Report
Indian equity markets continued their rising streak and started calendar year 2021 on a positive note with fresh all-time highs being made regularly in January and February.
The last year calendar year 2020 was a remarkable one for the global economy as well as the equity markets. From the extreme end of despair and uncertainty, the year ended on a note of recovery and hope as the fight with the pandemic neared an end with the beginning of vaccination.
Indian debt markets have seen selling pressure since the Union Budget, which further got accentuated by a sell-off in global bond markets.
The benchmark 10 year G-Sec yield has moved up by more than 30 basis points from the lows and is currently trading at approximately 6.20% levels.
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