Equity Market Commentary for the week
- Indian markets settled higher at the end of another range bound week.
- The Nifty ended with a weekly gain of 2.7%, whereas Bank Nifty has ended 3.2% higher.
- Markets continued to trend higher during the week with Nifty50 closing above the important psychological level of 11,000 (11,194)
- Sectoral front: it was a mixed bag with Bank showing major weekly gains – up 3.2% following by IT – up 2.8% and Infra – up 2.7%. Investor favourites – Pharma registered weekly loss of 2.2% and FMCG was down 1.3%
Debt and Commodity Market Commentary for the week
- Bond yields fell on anticipation of bond supportive steps from RBI in the coming months to ease oversupply concerns. Yield on the 10-year benchmark paper (5.79% GS 2030) closed at 5.80% after moving in a range of 5.80% to 5.82%.
- Gold prices rose as escalating tensions between U.S. and China boosted its safe haven appeal.
Category wise performance of mutual funds
1. Equity: Less than 1 year return are absolute and greater than 1 year returns are CAGR;
2. Debt: Less than 1 year return are simple annualised and greater than 1 year returns are CAGR;
1. Equity: Less than 1 year return are absolute and greater than 1 year returns are CAGR;
2. Debt: Less than 1 year return are simple annualised and greater than 1 year returns are CAGR;
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