Overall a good week for the Indian markets and indices even though there was not much positive news from domestic front as well as global side. In nifty 50 stocks Zee, Hindalco, Bajaj Finance, Jsw steel, Tata Steel, Maruti, Reliance, Vedanta, Tata Motors, Asian Paints, UPL and Bajaj Finsrv zoomed more than 6% during the week. Only 3 stocks lost more than 1% of its value during the week – HCL Tech, Tech Mahindra and Wipro.
RBI monetary policy decision was the main event last week. Even though there is a positive sentiments exists in all markets may be due to the availability of the cheap funds still markets and economies are going in opposite direction in most countries. So a slight negative sentiments can bring down markets quickly. So be careful.