Weekly Market Wrap - 19th Mar '21

Stock Market shown good recovery in today's trading session. NIFTY gained almost 183 points in today's session; from the bottom of 14374 it closed at 14557.

Despite today's gain, over all week was negative for both NIFTY and SENSEX (as shown in the chart above). Experts believe that this whole week volatility was attributed to US bonds yields and rising Oil Prices. Strengthening of Dollar and increase in bond yields have seen money moving out of equity and even gold. Consequently, traders found a new attraction in Technology Stocks and Technology Funds due to the reason sighted above.


Big News of the week


Moody’s upgrades India’s GDP growth to 12% in 2021. India’s gross domestic product (GDP) is projected to grow by 12% in 2021, Moody’s Analytics said on Thursday. In an earlier estimate last November, it had said India’s GDP will grow at 9% in the calendar year..... read more


Over all, the week was flattish and trader's mood was not so enthusiastic. Do check the category wise performance of Mutual Funds in this week -

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Disclaimer : Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.


While all efforts have been taken to make this blog page as authentic as possible, please refer to the data source used in the blog - https://www.valueresearchonline.com & https://www1.nseindia.com, for more details or authentication of the tables shown above. We will not be responsible for any loss to any person/entity caused by any short-coming, defect or inaccuracy inadvertently or otherwise.

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