Last updated: 03 Mar, 2021 | 01:49 pm
India – Equity Market Performance
Positive Market moving News during the month were
(i) Various positive announcements in Union Budget 2021
(ii) Q3 earnings for Nifty firms ahead of estimates
(iii) Economic indicators pointing towards recovery
(iv) Progress of Covid-19 vaccine, and stimulus package in the US
Negative Market moving News during the month were
(i) Sharp rise in Commodity and Crude Oil prices
(ii) Rise in yields
FII INFLOWS – Feb 2021
(i) FIIs have more than 20% ownership in Indian stocks, the single biggest entity after promoters.
(ii) Hence, the inflows by FIIs are a major driving factor behind the ongoing rally in the headline indices.
(iii) FII flows have tapered off from record highs of ₹62,016 crore seen in Dec-20, to ₹25,787 crore in Feb-21.
(i) Primary markets continued to see good traction in the month
(iii) Going forward, March is another month with interesting IPOs like Nazara Technologies, Barbeque Nation and Kalyan Jewellers
Equity market Outlook