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Domestic equity markets end the volatile week on a flat note | Baroda BNP Paribas Mutual Fund
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Domestic equity markets end the volatile week on a flat note

The domestic markets ended the volatile week on a flat note on account of profit booking as well as concerns over the slow progress of monsoon. Nifty 50 and Nifty Midcap 150 Index both closed at marginal gains of 0.2% whereas Nifty Small Cap 250 Index registered comparatively higher gains of 1.2%.

Sectoral indices showed mixed performance. Banks did well this week and as a result Nifty Private Banks, Nifty Financial Services and Nifty Banks were top performers gaining 4.2%, 3.3% and 2.6% respectively. Nifty Auto, Nifty FMCG and Nifty Consumer Durables dragged the most with a fall of (-) 2.5%, (-) 2.2% and (-) 1.9% respectively.

US stocks saw muted growth this week as the US stocks results came out mixed. S&P 500^ and NASDAQ^ gained 0.7% and 0.2% respectively. Dow Jones^ gained 1.4% this week. FTSE registered minor gains of 0.6%.

Asian markets followed global cues and saw a decline or muted growth this week. Nikkei and Shanghai Composite Index declined by (-) 0.6% and (-) 1.1%. Kospi and Hang Seng registered slight gains of 1% and 0.6%, respectively.

Other Markets:

Brent crude prices closed at $ 81.14.

The rupee depreciated further to settle at Rs 83.57 against the US dollar.

Gold prices inched up to settle at Rs 72,442 per 10 grams.

The 10 Year Benchmark G-Sec yield was at 6.97% compared to its last Friday close of 6.98%.

Source: www.nseindices.com; google finance, MCX Gold Prices; www.rbi.org.in; Morningstar and tradingeconomics.com

Data for week ended on June 21, 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.

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