India Stock Market Strategy; Top Idea Picks For Large, Midcap Stocks: Motilal Oswal
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Motilal Oswal Report
In our December 2021 edition of ‘The Eagle Eye’, we highlight: 1. divergence in the performance of companies post listing, 2. Bank Nifty’ underperformance and its correlation to months of heavy FII selling, and 3. commodity prices take a breather, while bond yields soften globally as the new Covid-19 variant ‘Omicron’ raises uncertainty.
Global equity markets decline in November 2021 on the back of Fed tapering and concerns emerging from Omicron.
Commodity prices have declined, while global bond yields are off their highs as Omicron drives risk-off.
Average daily cash volumes declined by 18% month-on-month to Rs 718 billion in Nov-21.
Performance of companies post listing has been divergent, even as Rs 1,240 billion has been raised in CY21 so far – the highest in any year.
Out of 10 occasions of highest monthly FII net outflows since CY10, the Bank Nifty has underperformed the Nifty seven out of 10 times.
Nifty excluding banking, financial services and insurance has outperformed the Nifty by 14% since February 2020. Export/commodities have outperformed the Nifty since Dec-2019, while domestic focused indices have underperformed.
Our research team has released several interesting thematic reports in Nov-21. We have highlighted some of these – Angel One initiation, Public sector banks and Reliance – in our presentation.
Click on the attachment for the full list of Motilal Oswal's Top Idea Picks For Large and Midcap stocks:
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