ECONOMY

Sector Performance Amid Current Market Volatility Reflects India’s Paradigm Shift: ICICI Securities

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.

Expectations of the start of quantitative easing tapering by the U.S. Federal, rise in U.S. bond yields, spike in energy prices and China slowdown concerns emanating from the government’s regulatory crackdown and liquidity crisis from the Evergrande episode resulted in bouts of volatility for India equity markets over the past week in line with global capital markets.

In a departure from historical trends, the systematic risk did not play out in Indian stocks with price decline largely seen in low-volatility stocks such as IT, FMCG and telecom.

Outperforming sectors were inter alia cyclicals and balance sheet driven leveraged sectors such as public sector undertakings, power, energy, realty, consumer durables, metals and infrastructure.

Mid and small caps too outperformed benchmark indices.

Click on the attachment to read the full report:

DISCLAIMER

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.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
honestcolumnist Governmental News Finance News

Source link

Back to top button