For Quick Alerts
For Daily Alerts

Indian Stock Markets Performance Last Week And Week Ahead To May 28, 2021


Indian markets last week on improving global cues with US employment and retail sales numbers coming in good and rebound in tech stocks there, ended on a healthy note on Friday. Sensex ended higher by 975 points and Nifty ended a good 269 points higher at 15,175.


Indian Stock Markets Performance Last Week And Week Ahead To May 28, 2021

Broader markets did extremely well with both the mid and small cap indexes notching new highs led by stocks such as IDFC First Bank, Natco Pharma, Torrent Power and Coromandel International among others from the Nifty Midcap space,

From the small cap segment,the stocks that contributed to the gains included Persistent Systems, JM Financial, IndiaMart Intermesh and Laurus Labs.

Weekly gains on the Indian indices to May 22, 2021

So the Indian indices clocked 3 percent gains last week ended May 21 owing to global cues that were resilient as well as on hopes of release of lockdowns after Covid daily tally in the country has come down to 3 lakh.

Small cap, mid-cap indices new highs on May 21, 2021

Indian rupee also ended below 73 owing to improved equity performance and dip in dollar index.

Stock market likely performance for the week to May 28, 2021- Earnings, Global Cues, High Commodity Prices To Influence

After the major economic data has been released, Fed's minutes have been release which point to a cutback in asset purchase of the US central bank if the US country shows good economic growth signs, there shall be stock-specific, earnings induced impact on some of the stocks.

Also, the prices of commodities across the board have seen a substantial rise from tea to metal to crude prices, this will result an impact on their related stock's share price. Nonetheless, the investment decision in such companies' need to be based on other factors as well as such as debt equity ratio, valuation, corporate governance, capacity utilization etc.


Now as India Inc. has been resilient in its profitability even amid the pandemic and earnings have seem a turnaround and stocks being re-rated, investors shall be better off staying on the sidelines for now.

Read more about: stock markets nifty sensex earnings
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X