Tata Capital’s Post

Name: Tata Capital Wealth
Uploaded: 2024-06-24T12:12:24.252Z
Channel: Tata Capital
Description: We are back with a comprehensive update on the June market outlook. Explore the latest trends in the economy, equity and debt markets with us to make informed financial decisions. #TataCapital #CountOnUs #MarketOutlookJune #MarketTrends #EquityMarkets #DebtMarkets

Tata Capital

790,142 followers

3mo Edited

We are back with a comprehensive update on the June market outlook. Explore the latest trends in the economy, equity and debt markets with us to make informed financial decisions. #TataCapital #CountOnUs #MarketOutlookJune #MarketTrends #EquityMarkets #DebtMarkets

6 Comments

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Let's look at the key economic and macro events update. Starting with the GDP, it was a positive surprise. The GDP showed a growth of 7.8% versus the expectation of 7%, which shows that the economy is growing at a good pace. But if you look at the PMI numbers, which is both the manufacturing and the services PMI, it showed a downward trend, which is slightly lower than the previous months. Coming to Indian equity markets, for the month of May, the markets were range bound primarily due to Lok Sabha elections and also due to foreign outflows which we saw in the month of May and geopolitical tensions going on around the world. During the same period, mid caps were able to outperform both large and small caps. And in the month of June, the beginning of the month, we saw a lot of volatility because of the election results but eventually markets recovered from all that volatility and touchdown. All time high. Coming to the debt market, the 10 year Indian GSEC corrected by 22 bibs and closed around 7%. This was primarily due to the record surplus distribution announced by RBI to the government which was to the tune of almost 2, 00,000 crore. This surprise is also expected to boost government finances and also allow them to spend more during the current financial year. Coming to our RBI monetary policy, the MPC committee again did not cut interest rates and this is the 8th consecutive time that RBI has maintained the status quo. The retail inflation is showing a downward trend and in the month of May, it was around 4.75 and it continues to be below 5%. But the food inflation is showing an upward trend and that's why most of the MPC members are still cautious about the inflation and that's the reason RBI did not cut interest rates again. The economy continues to show strength and with benign crude prices and above normal monsoon prediction, the economy is poised to do well in the near future. While the structural story of the country remains intact, the geopolitical tensions may pose some risk to the domestic economy. The key event to watch out would be the upcoming budget.

ch jadhav

fild word at Shiram Transport Finance Co Limited

3mo

I'll keep this in mind

nirupa mb

Highly efficient and diligent administrative office professional with TEN Plus years of experience in management. Capable leader with excellent skills in delegating responsibilities.

3mo

Hi Do you having any openings in hyderabad

Siddhesh Chaudhari

Regional Head Sales - Transaction Banking: : ICICI BANK LTD

3mo

Useful tips

Sanjay Pekam

Founder | Angel Investor | Start-Up Mentor/Funding (Ex. Cognizant, TCS) | Investment Planning | Financial Planning

3mo

Good point!

Yogesh Ingle

Branch Manager at Mahindra Home Finance Akola

3mo

Useful tips

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Tata Capital’s Post

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