Last updated: 09 Apr, 2021 | 01:57 pm
The markets saw another interesting week, with factors such as RBI Policy, Covid-19 cases, macro data steering the course. After a steep fall on Monday on the back of rising cases and weak global cues, the Nifty recovered on Tuesday in anticipation of RBI’s policy decision on Wednesday. Buoyed by RBI’s accommodative stance and robust growth outlook, the index saw gains over Wednesday and Thursday. However, the indices declined on the last day of the week, led by decline in private banks as concerns on the bank's asset quality spiked with fresh curbs introduced across states. For the week, the Nifty closed 0.2% lower.
Top gainers and losers
Here is a quick recap of the market moving developments
Gold prices rebound
Gold prices recovered in the week, supported by a stable US dollar and a fall in 10-year US treasury yields. The US dollar declined to a 2-week low against a basket of currencies, after the new unemployment claims increased for the second straight week. On the other hand, US bond yields declined after the Fed reserve reiterated its dovish policy.
Check out our other analysis on important market developments!
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Happy week for global markets: Major global markets ended the holiday-shortened week with gains, buoyed by optimism around economic recovery and supportive policy announcements. View summary of global indices last week
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