Economy and Business

Indian Equity Summary-Benchmark indices Sensex and Nifty closed in the green for the second consecutive week in line with the global key equity indices. Nifty 50 and Ø Sensex rose by 1.7% and 1.4% respectively. Sectorally, all the sectors indices barring Consumer durable and IT closed in green. BSE Metal, BSE Power and BSE Bankex were the top performers and rose by 6.65%, 4.99%, and 3.41% respectively.   Investor sentiments were also lifted by the announcement of further relief package of TLTRO by RBI targeted towards small and medium-sized Ø financial institutions including NBFCs and MFIs. The reverse repo rate has been cut by another 25bps to 3.75% to incentivize the banks to lend.   India VIX continues to cool off and has dropped to ~42.59 on Friday. It has dropped by ~32% in 1 month.  Ø   Going forward, the growth in the number of COVID-19 cases among other factors such as the movement of rupees, crude oil prices, foreign Ø currency inflows and outflows wi...

It is not how exotic your portfolio is but how well it is structured to meet your objectives and give you regular returns whatever the economic environment. Karvy , with over 25 years’ expertise in the financial markets, is offering comprehensive wealth management solutions for its customers through Karvy Private Wealth (KPW). Our wealth managers provide direction to a client’s financial decisions, enabling him achieve his financial and life goals. As a wealth manager, we collate the relevant financial information and life goals of the client, assess his risk tolerance level, examine his current financial status, and identify a strategy to fulfill his goals. Wealth management   is an all-encompassing service, providing comprehensive research-based advisory along with convenient and personalized investment execution. KPW offers an unmatched product basket, ranging from debt, equity, mutual funds, insurance, derivatives, commodities, structured products, international funds...