✅ With a drop for each, #Nifty and #Sensex .
All indices apart from IT got sleigh-ed. The dollar, among other things, helped the IT index
stay resilient and close at 1.97%.
Nifty Realty held on to the reins for dear life, with a sharp drop of –8.37%. Nifty #smallcap
and #midcap indices saw more corrections than #largecap.
✅ Omicron and its rise in developed markets in the US and Europe, slowed down the heady
market rally.
✅ Global inflation and its continued rise.
Global markets fell as well, with the S&P 500 dropping nearly 2%.
This is strengthening the Fed and other central banks’ resolve to raise rates. Tapering, too, is
proceeding at a rapid pace.
✅ India’s inflation story.
A supply crunch and low consumer demand, indicate that not everyone has recovered from the
pandemic. This also explains RBI’s stance.
India still remains an attractive investment destination , backed by RBI and other government
measures.
✅ Our asset allocation is in place, and your eye is on the long-term, its all merry .
