Value Plus

Arihant’s Value Plus November 2020

In October 2020, Domestic market was in neutral phase with benchmark Sensex and Nifty Index ending the month up by 4.06% and 3.51% respectively. Due to, the news of a second lockdown in Germany and France a second wave of virus in European countries and US elections uncertainties, markets reacted negatively and led the bulls to liquidate their long positions. A non-stop rally has been seen in domestic markets, thereby turning the sentiments neutral to negative in the near term. November is going to be a very crucial month due to the US elections and the quarterly results being declared, thereby continued volatility in the market is expected even in November. On the sectoral front, Nifty Bank index has outperformed all other major indices with a strong gain of 11.42% followed by financial services at 9.54% gain and Nifty Realty at 7.69% gain. Nifty Media index declined by 8.32% and it has been one of major underperformer among the leading indices. Selling pressure was witnessed in some other major indices such as Nifty Pharma, Nifty Auto, Nifty FMCG and Nifty Oil & Gas at 4.49%, 1.89%, 1.38% and 2.20% decline followed by Nifty Energy at 0.33% decline. Nifty Metal index gained by 4.51%, while Consumer Durables and MNC’s marginally by 0.53% and 0.57% respectively.


In this issue:
Movers & Shakers
Market Outlook
Auto Sector October Sales
Mutual Fund Round-Up
Key Financial Events – November


We hope you find this issue of Value Plus useful. Please share your feedback on research@arihantcapital.com
Click here to download PDF report.

Arihant Team
The Arihant Team believes everyone deserves access to sophisticated financial advice. From day one, our mission has been to help make investing easier and accessible to every Indian. Our team of experts are curating informative and research-based article on this blog, to help make investing and managing your money easier for you!

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