With debt funds rattled by the shutdown of six Franklin Templeton’s debt fund schemes and other debt funds whittling down their net asset values, the Indian markets may be heading into choppier waters.
Stock markets fell last week despite the positive news coming from Jio Platforms. The markets could not sustain higher levels, losing about 112 points on the Nifty 50.
Nevertheless, the coming week is crucial because investors will be watching the debt fund market for further developments. Some banks are expected to report their Q4 results.
Commentary on recoveries will influence market direction. Another headline indicator to watch is the Indian manufacturing PMI which will be announced towards the end of next week.