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.
IDBI Capital Report
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:
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.
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.
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