Market remained volatile during January 2020 and turned bearish in the second half of the month. The Indian benchmark indices closed negative with S&P BSE Sensex down by 1.29% and the Nifty 50 was down by 1.81%. India’s performance rank slipped among key EM trackers shows. India ranked fifth among the ten markets considered by the tracker in December, behind China, Brazil, Indonesia, and the Philippines. It was at the third position in November 2019, behind the Philippines and China.
Global markets looked worried with concerns about a widening coronavirus outbreak in China, the second fatality outside mainland China with the total death toll now 427. Authorities have been providing a lot of support for the financial markets. There’s a level of assurance that the rout would not be allowed to go on much further than necessary. Oil price fell more than 15% during the January month. The INR gained 0.34% in the month of January.
In this issue:
- Decoding New Income tax
- Movers & Shakers
- Market Outlook
- Stock Recommendation
- Auto Sector January Sales
- Mutual Fund
- Key Financial Events – February
We hope you find this issue of Value Plus useful. Please share your feedback on email@example.com
Click here to download PDF report.