- Wealth PMS (50L+)
A strong week for Nifty 50, Crude, and Bullion. USDINR remained flat.
The Realty sector had a great week as it rose 5.3%. The auto sector is also showing green shoots especially since passenger vehicle sales are finally catching up. The IT sector continues to struggle and going by the guidance given by major IT firms, the future outlook looks subdued.
Sensex 30 is just 5% down from its peak but the Price-to-Earnings ratio of the Index is far below what it had been in recent past. Earnings have caught up with the prices of stocks.
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