Market Outlook, Top Stock Picks For 2022: Motilal Oswal
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Equity markets witnessed strong rally in 2021 with Nifty up ~22% while Nifty Midcap 100/Nifty Smallcap 100 sharply outperformed with gains of ~43%/ 53% respectively.
Nifty touched record high of 18600 in October 2021, buoyed by the decline in Covid-19 cases, a significant pickup in the pace of vaccination, and the consequent sharp recovery in economic activity.
Consistently positive earnings surprises also led to rerating and rally in the market. After touching its new high in October, the Nifty corrected more than 10% in the last two months, led by global factors: Fed’s taper announcement, rising bond yields, higher commodity prices, and strengthening of the U.S. dollar Index.
A big fundraise in the primary market also put some pressure on the secondary market. A total of 63 companies raised Rs 1.19 lakh crore through IPOs, making it highest ever fundraise in a particular year.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.