India Strategy - The Eagle Eye: DM`s outperform India in October 2022 By Motilal Oswal Financial
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The key highlights of our Nov’22 edition of ‘The Eagle Eye’ are as follows:
* DM's outperform India in Oct'22, India standout market in YTD'22. Outperformance of MSCI India v/s various economies continue. Loss in M-cap of Top 7 US Tech giants > M-Cap of India
* Activity: FIIs turn buyers of USD1b in Oct'22 after withdrawing USD1.6b in Sep'22; DIIs remain net buyers of USD1.1b in Oct'22. Average daily cash volumes decelerate in Oct'22 at INR524b - down 22% MoM and 40% below its Oct'21 high
* Macros: GST collections have been more than INR1.4t for the eighth successive month now. The US CPI surpasses India CPI for the first time in a decade in Sep'21. 10Y yield spread between India and the US at the lowest since Jun'09
* Over the course of Oct'22, our in-house research team published several interesting and insightful reports. Some of the notable ones are: a) IDFC First Bank (Initiating Coverage): A better tomorrow!; b) Global Economy: A onestop guide to the key macro/financial indicators
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