STALWART BULLS !!! – Issue #022

Published on 06/06/2021

Indian markets failed to hold on to the gains made early in the week. After the Reserve Bank of India’s monetary policy it closed in the red on June 4. Broader markets outperformed the benchmark indices. Sectorally, rally was seen in industrial, oil & gas, capital goods, utilities, while profit-taking was seen in banks, FMCG, and energy space. Market has gained strength on expectations of economic recovery post containment of COVID cases in the second wave and the ongoing vaccination drive. Hence the bull rally shall continue.

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