Equity Markets Review - Review of July and outlook for August 2017
Equity Markets Review Review of July 2017 and outlook for August 2017 Indian equity markets had a mixed month with the implementation of GST and the beginning of the June quarter earnings season. Nifty declined by 1.0% and Sensex by 0.7% whereas BSE100 index declined by 0.8% in June. FII's were net buyers in equities to the tune of INR 36 billion and mutual funds were net buyers to the tune of INR 91 billion. Sectors like real estate, healthcare, FMCG, metals and utilities outperformed whereas oil & gas, IT, auto, capital goods and the banking underperformed. During the month of June, on the macro front, farm loan waivers by the states of Maharashtra, Punjab and Karnataka grabbed headlines on account of the announcement made by the UP government. Banks also remained in focus on account of the 12 NCLT (National Company Law Tribunal) candidates identified and co