Dear Readers Quick recap of the market for the current week is enclosed. ( 24th May to 28th May 2021)
It was a Fabulous Week. Indian markets raced to fresh highs, riding on momentum in global markets. The Nifty50 touched a fresh high of 15,469, while the S&P BSE Sensex makes record highs of 51422.
Constant fall in the US dollar is driving the Indian equity market along with a drop in coronavirus infection rate. We believe there is reason to anticipate a catch-up in economic activity once lockdowns lift and coronavirus second wave eases. We can also expect a rise in state-sponsored activity.
Investors can remain on the side lines and wait and watch till the arrival of monsoon, but it would also be a good time to look at investments in gold from a portfolio allocation point.
Market Update: 28th May 2021
Sensex: 51422.88 ▲ 0.60%
Nifty: 15435.65 ▲0.64%