In January 2021, the Domestic market moved negatively with benchmark Nifty and Sensex Index ending the month with 2.48 % & 3.7 % loss respectively as compared to the appreciation of 3.1% and 2.2% respectively in Dec 2020. We see moderate earnings upgrades over the next few months, especially in IT, banks, metals & mining, gas & consumable fuels, and telecom. The wide market has shown flat to negative performance including Mid & Small caps.
On the sectoral front, Nifty Auto has outperformed all other major indices with a strong gain of 5.8%. All other sectors have seen flat momentum in this month. Nifty IT and Nifty PSU Banks showed a flat movement of 0.8% and 0.2% respectively. Comparatively, Nifty Pharma, Nifty FMCG, Nifty Reality, Nifty NBFC, Nifty Metal and Nifty Bank showed a negative performance of -6.4%, -3.7%, -3.4%, -3.9% ,-5.6% and -2.1% respectively. Other sectors such as Nifty IT, Nifty Media, and PSU Bank showed a flat performance of +0.8%, -0.5%, and +0.2% respectively.
In This Issue:
- Market Outlook
- Auto Sector January Sales
- Fundamental Stocks
- Mutual Fund
- Key Financial Events – February 2021
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