Equity Market Commentary for the week
Indian markets ended with a handsome gain at the end of the week. The benchmark index Nifty ended with a gain of 4.36%.
The Reserve Bank of India (RBI) on October 9 maintained repo rate—its key lending rate—at 4%. It has also kept the door open for lowering rates further by retaining an “accommodative” policy stance, for as long as needed, to support growth, Governor Shaktikanta Das said.
Weekly movement: NIFTY50 4.4%, Midcap -0.2%, Smallcap 0.3%, Sectoral: IT 8.6%, Bank 7.2%, Auto 2.5%, PSE -1.4%
Debt Funds Movement
According to data from AMFI, the mutual fund industry AUM size witnessed a modest decline of 2.31% MoM from Rs.27.49 lakh crore to Rs.26.86 lakh crore in Sep 2020. Over the year, the AUM size increased 9.60% from Rs.24.51 lakh crore.
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