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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