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.
ICICI Direct Report
Indian markets have been one of the best performing markets this calendar year and are up 25% year-to-date CY21.
They have deftly climbed the wall of worry be it be the second Covid-19 in the country in April-May 2021 or the third wave expectations during August-September 2021.
This was due to a confluence of fundamental factors; first and foremost, equity as an asset class is being widely and rightly recognised as an asset generating inflation beating returns or real returns over a long period of time and is indeed very much liquid in nature; the TINA (there is no alternative) factor is at play.
Secondly, with the increase in pace of digitisation, a set of efficiencies have creeped into organisations as well as the economy, indicating better corporate earnings/gross domestic product growth.
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