The July 2020 edition of FundsIndia’s Monthly Market Insight discusses the reason as to why the Equity Market is up when the Economy is down.
The Manufacturing Purchasing Managers’ Index (PMI) for Jul-20 stood at 46.0 compared to 47.2 in Jun-20. Falling sales due to prolonged business closures, reduction in the new orders placed, decrease in the output are the key reasons for the contraction (PMI < 50 indicates contraction) in the Manufacturing sector.
Data showcased in this edition include trends in Industry SIP Inflows, Total Retail and HNI AUM, Consumer Inflation and Manufacturing PMI. Do check out our suggested reads that include articles on 6 Eccentric People Who Can Change The Way You Approach Gilt Funds.