- Wealth PMS (50L+)
This week, although with only 3 trading days, was fantastic for the markets as Nifty 50 gained 3%. Gold made new highs as well. RBI paused the rate hikes in its latest MPC meeting which resulted in Yields falling to 7.28.
NSE 500 also gained 3% this week and all sectors were up. There were no “losers” this time but the worst-performing sectors were PSU Banks, FMCG, and Metals. The Realty Index gained a whopping 6% this week although it is down 15% over last year.
Compared to global indices, this week belonged to the Nifty 50 with a 3% gain. Nasdaq 100 which struggled in the latter half of 2022, has gained its mojo back and is the best performer of 2023 (YTD).
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