Arihant’s Value Plus January 2021-Monthly Investment Newsletter
In December 2020, the domestic market yet again made an all-time high with benchmark Sensex and Nifty Index ending the month up by 8.16% and 7.81% respectively as compared to the appreciation of 11.05% and 11.14% respectively in November 2020. The market in the last 9 months has been rising relentlessly, climbing the wall of concern that represents the pandemic-punctured ground-level economy. The leadership of metal and financials show the confidence of participants in the market. This domestic market activity was in line with Wall Street, which broke its new milestone when the Dow Jones Industrial Average topped 30,500. Market participants around the world were inspired by the success in the production of Coronavirus vaccines. The wide market has recently started to perform better, including Mid & Small caps, which can continue in the short term.
On the sectoral front, The Nifty Realty index has outperformed all other major indices with a strong gain of 16.28% followed by Nifty Consumer Durables at 12.05% gain and Nifty Metal at 9.43% gain. All the sectors have seen growth this month and have performed very well supporting the high level of Nifty and in acceleration to the high level of liquidity in the market. Nifty IT and Nifty PSU Banks also showed a very strong gain with an upward movement of 9.38% and 9.32% respectively. Comparatively, Nifty Pharma, Nifty FMCG, Nifty Media, Nifty Bank, and Nifty Financial Services showed an average performance with an upward movement of 7.23%, 7.80%, 7.71%, 4.85%, and 5.96% respectively. Other sectors such as Nifty MNC, Nifty Auto, and Nifty Oil & Gas showed a significant gain of 4.61%, 2.30%, and 3.89% respectively.
In This Issue:
- Market Outlook
- Auto Sector December Sales
- Fundamental Stocks
- Mutual Fund
- Key Financial Events – January 2021
We hope you find this issue of Value Plus useful. Please share your feedback on arihant.research@arihantcapital.com
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