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Equity Market Overview - August 2021

    
In this update on Indian equity markets, we discuss how are we poised and what may lie ahead.
  • Since the onset of Covid-19, Nifty has posted 12 months of positive returns out of total 16 months till July-21
  • Markets will be volatile in the near term and investors should be ready to face corrections from time to time.
  • The earnings delivery is expected to be robust in the medium term and will likely play out in the favour of the market.
  • The mid and small cap segments  will continue their outperformance due to broad based recovery
  • Valuation across market capitalization are currently not cheap but also not unusual for the current stage of the cycle
  • Comparing large-cap, mid-cap and small-cap segments within a sector and not at the index level, is the right approach to adopt. 
  • Investors should be cognizant about their risk appetite, existing asset allocation and time horizon of investment.


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