It is hard to predict anything in general, but pointers…. Yes, it is good to consider what may happen so that it helps in planning and executing for the foreseen eventualities in the financial markets this year.
KEY EVENTS:
Indian markets scaled to new all time highs 57k+ • Brent crude prices corrected by 7% • Indian Currency appreciated by 1.86% in Aug, 2021 and more...
The 10-year benchmark yield settled at 6.20% on 31st July • Metals and Mining, Soft commodities (Sugar) consolidated their leadership position for the third consecutive month • Indian markets are 104% of GDP - higher than the historical average 75% of GDP.
The Sensex, Which first hit 1,000 in 1990 took three decades to touch the 50,000-mark, Crossing many milestones like the Harshad Mehta Scam, The Dotcom Boom and subsequent Bust, Followed by a resurgence till the Global Financial Crisis, Till the European Debt Crisis and now the Covid-19 Pandemic. But 50,000 in 3 decades. Let that sink in! Will we hit 100k?
With the magnitude of its impact globally, Covid 19 brought in a lock-down and change in ways of life as we knew it. Something that we had never experienced before. Uncertainty fuels fear and panic nudging the market to correct in anticipation of future losses. Look at the consequences and actions that we should emulate to minimize the overall impact on our financial health and therefore goals.
