AN INVINCIBLE BULLS !!! – Issue – #017

Published on 02/05/2021

The market closed the volatile session with moderate gains, after continuous uptrend for the four consecutive sessions. Market sentiment has been boosted by a set of strong results in global markets, which has overshadowed concerns over economic activity arising from renewed lockdowns and the second wave of COVID-19 infections. Though, covid cases are increasing, there’s a confidence in faster vaccine rollout, as well. On the sectoral front, buying was seen in metals, energy, oil & gas, and healthcare stocks while profit booking was seen in auto, telecom,
consumer discretionary and capital goods. Nifty Bank shed nearly 2%, while energy and pharma indices rose 1% each.

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