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World Investor Week Nov 23-29, 2020 being Celebrated under aegis of IOSCO and SEBI.    विश्व निवेशक सप्ताह नवंबर 22-28, 2021 जा रहा है IOSCO और SEBI के तत्वावधान में मनाया जाता है।
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Market back up with just a few days in the trenches | BNP Paribas Mutual Fund
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Market back up with just a few days in the trenches

The benchmark Nifty closed at 17895 level, up by approximately 2.07% for the week. The Sensex closed at 60059 levels, up by approximately 2.20% for the week.

Macro-economic developments

The Monetary Policy Committee (MPC) of the RBI voted unanimously in favour of keeping the policy repo rate unchanged at 4%. The MPC also decided, with a 5 to 1 majority, to continue with the accommodative stance for as long as deemed necessary.

World Bank retained India’s fiscal 2022 growth estimates at 8.3%; highlighted that rising pace of vaccinations will determine India’s economic prospects this year and beyond.

India’s Information Handling Services (HIS) Markit manufacturing Purchasing Managers Index (PMI) rose to 53.7 in September 2021 from 52.3 recorded in August 2021, highlighting a stronger expansion in overall business conditions.

India’s services PMI stood at 55.2 in September 2021, falling from 56.7 in August 2021. The composite PMI was at 55.3 in September, from 55.4 in August. Moody's Investors Service changed the outlook on India's sovereign ratings to 'stable' from 'negative'. However, it retained the ratings, both of foreign and domestic currencies, at Baa3.

The INR depreciated during the week to finally close at around 75.04 levels.

In the commodities market, Brent crude for December 2021 settlement advanced during the week to settle at approximately USD 83.17/barrel.

The yield on 10-year benchmark Government Securities paper rose to 6.308%.

Institutional Activity

Foreign portfolio investors (FPIs) were net sellers of Indian equities and net sold Indian equities worth approximately INR 3490.25 crore between 1st October 2021 and 7th October, 2021. Correspondingly, DIIs continued buying and net bought India equities worth approximately INR 3013 crore, in the same time period.

Source: 
www.nseindia.com  | http://www.bseindia.com/  | www.bloomberg.com


Disclaimers: The material contained herein has been obtained from publicly available information, internally developed data and other sources believed to be reliable, but BNP Paribas Asset Management India Private Limited (BNPPAMIPL) makes no representation that it is accurate or complete. BNPPAMIPL has no obligation to tell the recipient when opinions or information given herein change. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. This information is meant for general reading purpose only and is not meant to serve as a professional guide for the readers. Except for the historical information contained herein, statements in this publication, which contain words or phrases such as 'will', 'would', etc., and similar expressions or variations of such expressions may constitute 'forward-looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. BNPPAMIPL undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. The words like believe/belief are independent perception of the Fund Manager and do not construe as opinion or advise. This information is not intended to be an offer to sell or a solicitation for the purchase or sale of any financial product or instrument. The information should not be construed as an investment advice and investors are requested to consult their investment advisor and arrive at an informed investment decision before making any investments. The Trustee, Asset Management Company, Mutual Fund, their directors, officers or their employees shall not be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages arising out of the information contained in this document.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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**Basis portfolio of the scheme as on October 31, 2021

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**Basis constituents of the index as on October 31, 2021

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