Last updated: 26 Mar, 2021 | 12:40 pm
The markets saw another volatile week, with the index gyrating between losses and gains in the March 22nd to March 26th period. After minor losses on Monday, the index recovered to close beyond the 50,000-mark on Tuesday. The indices had posted declines over March 24th, 25th (Wednesday and Thursday) as rise in US 10-year treasury yields, increasing Covid-19 cases globally, and potential US tax hike weighed. Newsflow about ending of loan moratorium, SEBI’s stance on AT1 bonds, rise in Covid-19 cases, FII flows and ongoing IPO’s dominated investors’ sentiments.
The Indian equity market rebounded from 2-month lows on Friday, on the back of global macroeconomic data indicating recovery and value-buying. The indices closed the week nearly 1.7% lower, despite the pullback on Friday. Friday's gains were not enough to prevent the benchmark indices from posting their second straight weekly loss.
Newsflow about ending of loan moratorium, SEBI’s stance on AT1 bonds, rise in Covid-19 cases, FII flows and ongoing IPO’s dominated investors’ sentiments.
Top gainers and losers
Here is a quick recap of the market moving developments:
Gold prices continued their decline in the week to hit a on-year low. Rising US Treasury yields, appreciating US Dollar, and optimism around global recovery have weighed on gold prices.
Check out our other analysis on important market developments!
US markets last week: Volatile crude, bond yields, Fed commentary on investors' radar: Most of the global markets ended lower in the week, as US Treasury Yields soared to their highest levels in one-year, raising concerns of FII outflows from economies. While central banks around the world maintained their dovish policy stance to support an economic recovery, concerns about a resurgence in coronavirus infections in certain countries soured sentiments. View our analysis
US Treasury Yield soars to one-year high: The concern is that the US Federal Reserve will have to taper its bond purchases and consider interest rate hikes due to rise in inflation, similar to ‘taper tantrum’ witnessed in 2013. ‘Taper tantrum’ is a phrase used to describe the surge in the U.S Treasury yields in 2013. The surge had come after the Fed’s announcement of future tapering of its policy of quantitative easing, inorder to reduce liquidity in the economy. Read our analysis here
How global and Indian markets fared in 2021: Key equity market indices in the USA ended higher in February. After registering notable gains in the first 20 days, indices in the US markets fell in the last 10 days of the months. Here’s our analysis.
Nifty Q3 earnings review: Most of the companies in the Nifty 50 index have reported better-than-estimated results in Oct-Dec 20 period, signalling that Nifty companies have left pandemic blues behind. Check our detailed review.