Key market trends for last week. (1) The India Govt interest rates were mixed last week. (2) Foreign investor flows into the India debt market remained moderate +ve. (3) Corporate spreads were reported mixed in the month of May24, as per NSE data. (4) Global market interest rates broadly declined – except China. (5) Gold prices declined but remained well within the US$2300-2400 range. (6) The India market volatility returned back to normal range (15-20) post elections. (7) The Indian equity markets reported surprisingly sharp gains last week – despite election surprises. (8) Foreign investor flows into the India equity market were large -ve. (9) Global equity markets reported broad gains. (10) Energy markets were mixed – Crude Oil down and NatGas up. (11) USDollar up moderately – Euro weak, all other currencies steady.
References (past writeups) :
https://determinedinvest.wordpress.com/2024/06/02/the-nifty50-earnings-may24-update/
https://determinedinvest.wordpress.com/2024/03/22/determined-india-logistics-portfolio-p4/
https://determinedinvest.wordpress.com/2024/03/09/determined-mena-portfolio-mar24-update/
https://determinedinvest.wordpress.com/2024/02/24/determined-apparel-portfolio-closed/
https://determinedinvest.wordpress.com/2024/01/06/determined-macro-asset-portfolio-dec23-update/
https://determinedinvest.wordpress.com/2023/01/06/global-asset-allocation-quilt-2022-edition/
Determined investments 