Capital Market Report For August: IDBI Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Global Market Performance: Developed market indices across the world was up month-on-month in August 20-21. S&P 500, Nasdaq and Dow made a new all-time high in the month.

India Performance: Nifty 50 was up 9% moth-on-month and performance is driven by defensive sectors like FMCG, power, IT / technology.

Earning Performance: Consensus modeling Nifty 50 EPS to increase by 40%/11% YoY for FY22E/23E.

Economic Parameter:

  1. Consumer price index inflation in July 2021 eased to 5.59% and is led by easing of supply chain disruption and moderation of food inflation.

  2. Goods and services tax collection continued to remain buoyant.

Yield: Globally bond yield were flat month-on-month. In U.S. yield has declined from high of 1.7% in March-21 to 1.3% in Aug-21. In India 10 year G-sec yield was flat month-on-month at 6.2%.

Fund flows: Foreign institutional investor and domestic institutional investor were buyers in India equity market in Aug-21.

Click on the attachment to read the full report:

IDBI Capital Strategy Capital Market_Aug 21 .pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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