Weekly Report

Indian benchmark indices witnessed range-bound volatility for the entire week amid lack of clarity on the rising corona, its implications and Government’s actions. It’s just that some relaxation in the India-China war situation is what kept the markets hanging at the top posting fourth consecutive upbeat.

Indian benchmark indices marked their third week of rally despite pandemic tensions prevailing across the globe. Forecasting economic revival, upbeat global macroeconomic numbers and speedy research on vaccination against the coronavirus have kept the markets elevated throughout the week. Moreover, reviving PMI numbers with improving service PMI

Indian stock markets witnessed a roller coaster ride wherein both the Nifty and the Sensex opened on a positive note for three consecutive trading sessions but paused near their higher territory only to bounce back at the tail endof the session –a trend followed internationally as profit booking seemed to be the mantra for the week with spreading concerns on covid 19

Indian benchmark indices witnessed an upward trend to positive territory after multiple consolidation trading sessions during the week.With the Supreme Court granting the DoT time till July 3rd week to consider telecom companies’ proposals and simultaneously directing companies to submit a decade record of financial documents,banks that were exposed  

Last week kicked off with a gap up opening but witnessed sell-off from the very moment, wherein the benchmark indices broke two weeks winning streak. Mixed global cues with ongoing trade tensions between US and China followed by FED’s reviving decision to keep the rates unchanged and Fall in Europe’s GDP rate turned the world indices pessimistically volatile.

ndian benchmark indices rallied for the second consecutive week ahead of expected economic recovery and reopening of industrial, agricultural and commercial activities in green and orange zones. FurtherGovernment’s package stimulus expectations too kept the markets elevated. However, the move was gradual amidcautiousness ahead of US–China trade tensions