Equity Market Commentary for the week
- Equity markets closed higher with investors taking positive cues from the outcome of the MPC’s latest policy. The central bank announced a host of measures to support the economy, battered by the COVID-19 pandemic.
- Nifty50 ended with a weekly gain of 1.3% whereas Midcap gained 4.1% and Smallcap gained 5%
- Sectoral front: it was a largely positive week with Metal gaining 7.8% and Auto gaining 3.8%. IT closed marginally lower by 0.4%.
Debt and Commodity Market Commentary for the week
- Yield on the 10-year benchmark paper (5.79% GS 2030) closed at 5.86%, 3 bps over last week.
- Gold and Silver prices surged to record highs on their safe haven appeal.
Category wise performance of mutual funds
1. Equity: Less than 1 year return are absolute and greater than 1 year returns are CAGR;
2. Debt: Less than 1 year return are simple annualised and greater than 1 year returns are CAGR;
1. Equity: Less than 1 year return are absolute and greater than 1 year returns are CAGR;
2. Debt: Less than 1 year return are simple annualised and greater than 1 year returns are CAGR;
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