Supporting the Digital India campaign launched by the Government of
India by making the country digitally improved in the field of technology,CapitalVia
is taking a step in upgrading the Investment Advisory Space by introducingits
customer portal “CapitalVia” App.It is designed to enable seamless customer
experience by providing real time advice & solving grievance through mobile
application.
Gaurav Garg, Head of Research, CapitalVia Global research Limited said-The application will
largely help the Tier 1& Tier 2 cities to upgrade themselves on the right
investment options and stock market by providing knowledge center and consumption
ofrecommendations through one click. The digital portal will act as normalizing
the digital investments in the state and build trust amongst the investors.
Gaurav Garg added on expanding in southern region and choose Tamil Nadu
for the EquityMarket:
1. 8% Demat: 3rd highest contribution
towards total Demat accounts (after Maharashtra 22% & Gujarat which is 11%)
2. Highest Growth : CAGR of around 13%
over last 5 years.
3. Per Capita Income: 26% higher than
India’s per capita
4. 3rd Richest State : Tamil Nadu is India’s second-largest economy despite
being its sixth most populous state and among the country’s 12 largest states.
It has the third highest GDP per capita and is the most urbanised state as well
as among the most industrialised with a strong manufacturing base and a large
services sector.
5. Fastest Growing
state: For the third consecutive year, Tamil Nadu registered a higher economic
growth rate than the national average. At 8.03 per cent, it was double the
all-India average of 4.2 per cent in 2019-20.
6. Penetration: 4% demat holders
against India average of 3%
Market Outlook 2021 –
Equity
(3 Key Factors in Favor )
1. Global Economic Recovery: Following an
unprecedented collapse in the year 2020, global economy is projected to grow at
5.5% in 2021 and 4.5% in 2022 (IMF WEO – Jan 2021).
2. Industrial Improvement: Under industrial
indicators major improvements were in engineering exports, diesel demand and
goods by air.
3. Improvement in Consumption: Stronger
recovery in the economy post relaxation of lockdown. Consumption indicators
(electronics, car sales, petrol demand etc.) continued to improve
(3 Key Risk Factors)
1. Challenges in Vaccine Distribution: Risks
to global growth estimates emanate from potential challenges in vaccine
distribution.
2. New Virus Strain: Emergence of new virus
strain and resultant regional lockdowns, among others.
3. Inflationary risks: A sharper than
anticipated global recovery could cause inflationary risks if stimulus measures
continue well into the recovery. This could in turn make a case for policy
tightening and could result in an abrupt correction in risk-asset prices.
Debt
Market View
1.
The US 10-Year treasury yield jumped to a year
high at 1.60% before cooling off to close the month at 1.41%.
2.
Indian bond
yields also witnessed similar trend as the 10-Year Government Bond yield surged
by about 32 basis points to end the month at 6.23%.
Commodity View
Crude : Crude oil
prices in this year after the OPEC’s (Organization of the Petroleum Exporting
Countries) top producer, Saudi Arabia decided to cut crude production since
February.
Gold : For medium
term, we view that Gold have made their bottom, Cool down in the bond yield and
weakens in the dollar will support the Gold Price, It can move towards 48600 in
first half of the FY21-22.
Base Metal : Due to
economic recovery demand for Base Metal increasing and sentiment for all the
base metal is positive. All the major government is spending money for
Infrastructure will be key driver for the base metal for the FY21-22
