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Indian stock markets end the week in red after a stellar performance on Wednesday. The fade out in markets happened due weak global cues. The hotter than expected inflation numbers dampened the hopes of US rate cuts. This meant that US bond yields would stay higher for longer, impacting foreign inflows. Higher commodity prices and geo-political tensions further hampered sentiments. Nifty 50 was flat with marginal gains of 0.03% underperforming Nifty Midcap 150 Index and the Nifty Small cap 250 Index which also registered slight gains of 0.3% and 0.5% respectively.
Sectoral indices were a mixed bag. Nifty Metal, Nifty Realty and Nifty Oil and Gas were high performers gaining 2.9%, 1.6% and 1.3% respectively. While Nifty Oil and Gas, Nifty Healthcare and Nifty FMCG were at the bottom. Nifty Pharma, Nifty PSU Banks and Nifty Media were at the bottom with (-) 1.9%, (-) 1.5% and (-) 1.5% respectively.
It was a lackluster week for global indices. S&P 500 (US) Index^, and Dow Jones^ fell by (-) 0.1%, (-) 1.1% respectively. Nasdaq^ registered positive gains of 1.2%. UK markets were rallied as ECB maintained policy rates. FTSE registered marginal a gain of 4.1%. Asian markets were a mixed bag. Nikkei was positive, gaining 1.4%. Hang Seng, Kospi and Shanghai Composite Index fell by (-) 0.01%, (-) 1.3% and (-) 1.0% respectively.
Other Markets:
Brent crude prices rose significantly to reach $ 90.88.
The rupee fell to settle at Rs 83.48 against the US dollar.
Gold prices went up slightly to settle at Rs 72,931 per 10 grams.
The 10 Yrs G-Sec was at 7.18% compared to its last Friday close of 7.12%.
Source: www.nseindices.com; google finance, MCX Gold Prices; www.rbi.org.in; Morningstar and tradingeconomics.com
Data for week ended on April 12, 2024. ^ data for the week (Fri – Thu) FTSE data as of today 1 pm.
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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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