Amid a rise in covid cases, hope of recovery through vaccination drive and positive global cues led the bulls to put up a strong show this week. Biden’s decision to waive intellectual property rights on vaccines pumped in global optimism. The third wave of covid-19 is also anticipated by the experts. This may lead to a contraction in Indian economy. In the sectoral front, Nifty IT, Auto rose by 1.8-2.5% each whereas PSU banks shed by 1%. Small and mid cap indices rose around 1% and metal climbed 2.5%.
Read on in this week’s newsletter to know more…