5 factors that can impact markets in Samvat 2073

With a rise of around 9.5% since the beginning of Samvat 2072 till October 17, the markets have taken all developments in their stride.

Good monsoon that would boost income in the hands of rural India, keep inflation under check, nudge the Reserve Bank of India (RBI) to lower interest rates and induce spending; and the excess cash in the hands of government employees on the back of 7th Pay Commission recommendation implementation and the passage of the goods and services tax (GST) bill were some of the factors that aided sentiment.

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With a gain of around 48% from the beginning of Samvat 2072 till October 20, the S&P BSE Metal index was the top sectoral gainer, followed by oil & gas, consumer discretionary, auto, realty and banking indices that moved up around 16% - 38% during this period. S&P BSE Telecom, information technology (IT) and healthcare indices were along the key losers that slipped 1% - 11%.

 

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