Money Trends

Money Trends April 2024

Domestic equity markets rose during the month as India’s strong economic growth outlook, anticipation of upbeat corporate earnings for the quarter ended Mar 2024 and the prospects of political stability following the outcome of general elections kept the underlying sentiment positive. The rally in the domestic equities took a breather in the interim as escalating geopolitical Money Trends April 2024

BJP’s Manifesto for the 2024 General Elections

The BJP’s Manifesto for the 2024 General Elections bodes well for Indian equities, with a strong emphasis on continuity in reform efforts while maintaining financial macro stability. Anticipated to dominate the upcoming polls, the Party’s agenda highlights key sectors poised for growth. Direct beneficiaries include Capital Goods (railways/defence), Housing/Mortgages, Tourism, and Aviation, with Textiles and BJP’s Manifesto for the 2024 General Elections

Money Trends March2024

Domestic equity markets rose during the month under review as market participants remained optimistic regarding the growth prospects of the domestic economy after the Indian economy witnessed a faster-than-anticipated growth rate in the quarter ended Dec 2023.

Money Trends February 2024

Domestic equity markets rose during the month under review as market participants cheered the outcome of the Interim Union Budget 2024.

Money Trends January 2024

Domestic Equity markets witnessed considerable volatility during the month under review

Money Trends December 2023

Domestic equity markets rose due to across the board buying by market participants which reflected the high-risk appetite of theinvestors driven by anticipation of robust domestic economic growth. The weakening of the dollar index and decline in U.S Treasury yields alsoreinforced optimism among market participants of foreign fund inflow into the domestic capital markets.

Money Trends November 2023

Domestic equity markets rose initially during the month after the U.S. Federal Reserve kept interest rates on hold

Money Trends Oct 2023

Domestic equity markets rose initially after the Monetary Policy Committee of
the Reserve Bank of India maintained a status quo on repo rates and policy
stance which was in line with market expectations. In addition, the central
bank kept the growth projections of Indian economy for FY24 unchanged at
6.5% which provided additional support.

Money Trends September 2023

Domestic equity markets rose initially after the U.S. nonfarm payroll employment data for Aug 2023 came along mixed lines. The data led to anticipation that the U.S. Federal Reserve may refrain from raising interest rates in its upcoming monetary policy review which was scheduled on Sep 20, 2023.

Money Trends August 2023

Domestic equities fell after a major global credit rating agency downgraded
the credit rating of the U.S. economy which led to an all-round sell off in the
global equity market and rattled the investor risk sentiment. Sentiments were
further dampened after the Reserve Bank of India in its monetary policy
expressed concerns about the evolving inflation situation within the country.
The outcome led to worries that the key policy repo rate may remain elevated
for a prolonged period and any possibility of a rate cut may be delayed.