ECONOMY

Market Internals Do Not Indicate‘Risk Aversion’: ICICI Securities Weekly Memo

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While the benchmark Nifty 50 index is down 2% from the recent peak of 15,300, there is no sign of any sharp increase in ‘risk aversion’ given the moderate increase in fear index and outperformance of strategies such as high beta (up 4%), Central Public Sector Enterprises (up 9%), smallcaps (up 5%), midcaps (up 3%) and dividend yield (up 2%) strategies continuing to outperform.

Sectorally, the performance is led by metals (up 8%), power (up 7%), energy (up 7%), media (up 4%), infra (up 2%), consumer durables (up 1%), public sector undertaking banks (up 1%) and realty (0%).

On the flip side, heavy weight underperforming sectors include banking, auto, pharma and telecom.

Click on the attachment to read the full report:

ICICI Securities Strategy Weekly Memo 08Mar21.pdf

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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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