• Month of August for the broader stock market was neutral as the NIFTY 500 is down by -0.8%, hence the portfolios of equity related funds wont show a great improvement, debt funds have delivered positive returns.
  • Government has shown the intent to address the ongoing slowdown in the economy, this is a welcome step . Last two Friday announcements have been in this direction.
  • The key concerns that are faced by the Indian markets are: on going NBFC credit crunch, slowdown in both domestic consumption and government spend on infra, global slowdown and US China trade wars
  • Improvement in domestic and global growth outlook can be a key trigger for the broader markets going forward though the NSE NIFTY may not see a significant uptick.
  • After a fairly normal monsoon, the festive season will be keenly watched for signs of pickup in demand of consumer goods from two wheeler, cars and other goods both in rural and urban markets, which¬†will bring the much needed sentiment change .