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Indian Stock market fell slightly on the account of Iran-Israel conflict in Gaza, fueling tension in middle east, rising US Dollar rates and US Treasury yield and FIIs selling. Nifty 50 fell with marginal loss of (-) 1.7%. The Nifty Midcap 150 Index registered a fall of (-) 2.28%, while Nifty Small cap 250 Index fell by (-) 1.04%, during the week.
All Sectoral indices were negative. Nifty Oil & Gas, Nifty Metal and Nifty Media fell the least with a fall of (-) 0.3%, (-) 0.5% and (-) 1.0% respectively. Nifty Health Care, Nifty Private Bank, Nifty IT fell the most, losing (-) 3.28%, (-) 3.69% and (-) 4.71% respectively.
Wall street ended negative this week, impacting major US indices as strong US jobless claim data and hawkish comments from Fed, reduced the possibility of a rate cut, dampening sentiments further. S&P 500 (US) Index^, and Dow Jones^ fell by (-) 2.1%, (-) 0.5% respectively. Nasdaq^ registered a significant fall of (-) 3.40%. FTSE registered marginal loss of (-) 1.42%. Asian markets were a mixed bag. Shanghai Composite Index was positive as the mainland Chinese stock markets improved over the past week, on the hopes of more government stimulus and positive economic data, gaining 1.5%. While Nikkei 225, Hang Seng and Kospi fell by (-) 6.2%, (-) 2.9% and (-) 3.3% respectively.
Other Markets:
Brent crude prices remained closure to $ 86.43.
The rupee fell to settle at Rs 83.45 against the US dollar.
Gold prices went down slightly to settle at Rs 72,785 per 10 grams.
The 10 Yrs G-Sec was at 7.23% compared to its last Friday close of 7.18%.
Source: www.nseindices.com; google finance, MCX Gold Prices; www.rbi.org.in; Morningstar and tradingeconomics.com
Data for week ended on April 19, 2024. ^ data for the week (Fri – Thu) FTSE data as of today 1 pm.
Disclaimers:
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.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
**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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