Home Loans
Personal Loans
SME Loans
Business Loans - Udyog Plus 
Loan Against Securites
Loan Against Property
Mutual Fund
Stock and Securities
Wealth
Portfolio Management Services
Pension Funds
Life Insurance
Health Insurance
Wellness Solutions
Pay Bills
Pay for anything
Pay Anyone
Pay on Call
Payment Lounge
Credit Cards
1800-270-7000-
Our Products
-
Self Care
- Downloads
- Learnings
- About Us
-
More
-
Shareholders
-
Shareholders
-
Updates
-
-
Wealth Calculator
-
Shareholders
ABC Solution 
Loans
Insurance
AppStore
PlaystoreAditya Birla Sun Life AMC Limited
Aditya Birla Sun Life AMC Limited
Equity Update for the Fortnight - August 2019 - II
Sep 16, 2019
4 mins | Views 9233
In the fortnight ended August 31st, 2019, major markets gain, even though trading remained volatile.
International Market
U.S. markets gained on U.S. Federal Reserve’s assurance that the bank will do whatever required to spur the economy. Gains were limited on trade concerns as China and the U.S. prepared to impose fresh tariffs on each imports.
European markets moved up as Italy’s political crisis neared an end with the formation of a new government. This soothed investors nervous over developments on the Brexit front.
Asia markets gained too overcoming concerns over the trade war between China and U.S. and Japan and South Korea. However, gains were limited by the violent pro-democracy protests in Hong Kong.
Indian Market
Indian equity markets ended flat during the period. Initially, investors pinned their hopes on a possible stimulus package from the Government. Later, when no signs emerged on this front, sentiment got soured.
Banking sector lost as a major private sector bank found itself stuck with exposure to a multinational power company that declared multi-million-dollar fraud.
Sectors were a mixed bag. The auto sector gained after prolonged weakness in previous fortnights. A pick-up in monsoon supported the consumer discretionary sector. The weakness in rupee strengthened the IT sector in the period.
The rupee weakened against the greenback due to weakness in the Chinese currency amid mounting trade tensions and worries over economic outlook.
Source: MFI Explorer
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Our Experts
Tools and Calculator
RSS News Feed
Archives
Close
Hover to Zoom
Thank You
Message will change according to your requirement.