Domestic market benchmarks across Large, Mid and Small-cap categories wobbled and dropped by ~7-8% in a volatile week ended 28th February 2020 as global equities started gauging the impact of Coronavirus outbreak on global economic growth and supply chains. The Indian benchmark indices closed negative with S&P BSE Sensex down by 6% and the Nifty 50 was down by 6.4%..
Coronavirus outbreak in Wuhan, city capital of China’s Hubei province has cast a shadow on the prospects of Chinese manufacturing and CAPEX recovery in CY2020. Although Chinese Government’s early warnings and rapid response has contained the death count to ~2900, confirmed infected cases have crossed ~83,000. Concerns’ surrounding the temporary impact on Chinese economy has spurred global sell-off in riskier assets and crude oil & gas market took a knock. Oil price fell more than 13% during the February month. The USD/INR gained of 1.38% in the month of February.
In this issue:
- Movers & Shakers
- Market Outlook
- Auto Sector February Sales
- Mutual Fund
- Key Financial Events – March
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