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Indian equity markets were subdued this week. The Nifty 50 index was flat post the RBI policy of maintaining status quo on interest rates for the 7th consecutive time. The large cap, Nifty 50 index registered slight gains of 0.8% underperforming Nifty Midcap 150 Index and the Nifty Small cap 250 Index which registered significant gains of 4.0% and 6.4% respectively.
Most of the sectoral indices were positive this week. Nifty Media, Nifty Metal and Nifty PSU Bank Index were high performers gaining 6.7%, 5.4% and 4.3% respectively. While Nifty Oil and Gas, Nifty Healthcare and Nifty FMCG were at the bottom. Nifty Private Oil and Gas and Nifty Healthcare were tad positive and showed gains of 0.55% and 0.6% respectively. Whereas Nifty FMCG registered minor loss of (-) 0.04%.
It was a lacklustre week for global indices. US equities declined ahead of the monthly jobs data report. S&P 500 (US) Index^, Nasdaq and Dow Jones fell by (-) 2.1%, (-) 3.0% and (-) 2.0% respectively. UK markets were flat. FTSE registered marginal loss of (-) 0.3%. Asian markets were a mixed bag. Nikkei and Kospi were negative and lost (-) 3.4% and (-)1.2%. Hang Seng was positive and gained 1.4% whereas Shanghai Composite Index was flat with slight gains of 0.7%.
Other Markets:
Brent crude prices rose significantly to reach $ 90.71.
The rupee rose slightly to settle at Rs 83.33 against the US dollar.
Gold prices went up slightly to settle at Rs 69,720 per 10 grams.
The 10 Yrs G-Sec was at 7.12% compared to its last Friday close of 7.06%.
Source: www.nseindices.com; google finance, MCX Gold Prices; www.rbi.org.in; Morningstar and tradingeconomics.com
Data for week ended on April 05, 2024. ^ data for the week (Fri – Thu)
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The views and investment tips expressed by experts are their own and are meant for informational purposes only and should not be construed as investment advice. Investors should check with their financial advisors before taking any investment decisions.
The word ‘more’ does not imply more returns or assurance of scheme performance.it refers to the additional value provided by the joint venture, as compared to Baroda AMC and BNP Paribas AMC individually.
In the preparation of the material contained in this document, Baroda BNP Paribas Asset Management India Ltd. (“AMC”) (formerly BNP Paribas Asset Management India Private Limited) has used information that is publicly available, including information developed in-house. The AMC, however, does not warrant the accuracy, reasonableness and/or completeness of any information. This document may contain statements/opinions/ recommendations, which contain words, or phrases such as “expect”, “believe” and similar expressions or variations of such expressions that are “forward looking statements”. Actual results may differ materially from those suggested by the forward looking statements due to risk or uncertainties associated with our expectations with respect to, but not limited to, exposure to market risks, general economic and political conditions in India and other countries globally, which have an impact on our investments, the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, etc. The AMC (including its affiliates), Baroda BNP Paribas Mutual Fund (“Mutual Fund”), its sponsor / trustee and any of its officers, directors, personnel and employees, shall not be liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this document in any manner. The recipient alone shall be fully responsible / liable for any decision taken based on this document. All figures and other data given in this document are dated and may or may not be relevant at a future date. Prospective investors are therefore advised to consult their own legal, tax and financial advisors to determine possible tax, legal and other financial implication or consequences of subscribing to the units of the schemes of Baroda BNP Paribas Mutual Fund.
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**basis portfolio of the Scheme as on March 31, 2024
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
**Basis constituents of the scheme as on March 31, 2024
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
*The PRC matrix denotes the maximum risk that the respective Scheme can take i.e. maximum interest rate risk (measured by MD of the Scheme) and maximum credit risk (measured by CRV of the Scheme)
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