- Wealth PMS (50L+)
This week was dominated by the equity markets, with the S&P 500 witnessing gains and the Nifty 50 recording a 1.3% increase. Meanwhile, there was a slight drop in the prices of gold, while the USDINR remained around the 82 mark.
Yet again, this week belonged to the Realty sector. In all the shorter time frames, realty Index has done better than any other NSE Index. Nobody expected this but that’s what the markets do.
Over 1 year time frame, PSU banks have performed the best while Media, Oil & Gas and IT stocks struggled.
Indian stock market, represented here by Nifty 50, has been the most resilient market to come out of Covid. And more so while the FPIs have been huge sellers over this period.
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