It’s said that pictures say more than a thousand words. The enclosed 1.057 version of “What We Are Seeing” will bring to you few charts and pictorial research.
Market Update- November 2020
Global markets took a breather after a phenomenal rebound seen since the lows of March 2020. A combination of caution ahead of US Presidential elections and a sharp jump in Covid positive cases in Europe and US, led to frayed nerves in equity markets, with most witnessing healthy corrections. Indian equity markets though outperformed, with Nifty50 gaining 3.5% for the month. The broader markets just about managed to close in the green with minor gains for the month.
Markets are now looking forward to the festive season which combined with pent up demand is likely to lift capacity utilization. Q2FY21 results will be watched keenly for positive cues on the much-anticipated recovery for India Inc. There is no doubt that Q2 will witness sequentially higher growth numbers. In general, Q2FY21 earnings for companies who have reported so far have been meeting or higher than the suppressed expectations.
Signs of Rebound after Gloom
Are we seeing signs of rebound after the COVID gloom? What are the best themes in the post-pandemic era? Are markets poised to re-test new highs? Will earnings spring a positive surprise and is the earnings quality improving? Read more here
As a perennial bull, Sunil sees the current market rally as a positive and believes revival in macro-economic indicators is a huge positive.ET NOW’s Managing Editor Nikunj Dalmia covers this and more in the new episode of ‘Markets & More’ with Sunil Singhania, Founder, Abakkus Asset Manager LLP.