Nifty and Sensex ended the week up by 2.65% and 2.84% respectively.
The recent credit Suisse publication – Global Wealth Report 2019 reflects total wealth grew at an annual rate exceeding 10%. Wealth increased significantly in every region of the world. Emerging market economies, especially China and India, did not simply benefit from this growth but featured as a key driver to the overall uptick
One key takeaway would be that while the wealth in most nations has been expanding, there seems to be a systemic fracture posing to be a hurdle in overall economic progress and hence the synchronised global slowdown today.
In other news, here is the week at glance:
Stock of The Week
Fund alerts:
Aditya Birla Sun Life Mutual Fund has decided to change the benchmark of the Aditya Birla Sun Life Equity Fund from S&P BSE 200 TRI to S&P BSE All Cap Index TRI.
Bottom line:
Earnings season, so far, have been slightly better than analyst expectations with major banks showing improvement in asset quality and fall in slippages, auto and technology companies’ improved earnings were partially backed by corporate tax reduction indicating a systemic recovery in second half FY20.
Though major indices may seem to lend a perception of Indian equities hitting the peak; however, the reality is far from it. We recognise immense valuation-based opportunities in Indian equities – especially in stocks beyond NIFTY15.
Investors deploying capital into large-cap-oriented & multi-cap funds through a Systematic Investment/Transfer Plan can be expected to benefit the most from the structural recovery underway.
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