- Wealth PMS (50L+)
This week was great for banks with IndusInd bank gaining 15.5% on account of good earnings while Axis Bank also jumped 10%. Overall, the Nifty 50 gained 4.1% in the week with only a handful of stocks showing a modest decline.
USDINR hit a record high, crude prices continue to cool down, and Gold is up marginally. On a macro level, here’s how the key markers have performed over the week.
The only good thing about a broad market correction is that you get to buy businesses at cheaper prices. The Sensex PE ratio, in comparison to its long term range, indicates that the Sensex 30 is at an attractive level to buy into.
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