We always tend to invest for returns and to multiply our fortunes and are keen to know did a particular investment class performed month on month and its likely prospects going ahead. So here is a ready reckoner of how did the different asset classes performed in the month of May:
Indian stock markets:
For the stock markets, May month turned out to be highly rewarding with gains of 6.5% on the BSE index considering closing of 48782 on the Sensex on April 30. Likewise for the Nifty, the gains were to the tune of 6.5%.
Some of the top gainers in the May month from the Nifty index have been UPL (34%), IOC, GAIL from the energy space also bagged returns of between 20-22 percent, Indiabulls Housing Finance (20%), SBI (17%) and Tata Steel (16%) among others.
While the tepid perfomers included stocks from the IT pack including TCS, HCL which gained just over 2 percent
The markets by and large are taking light of the unlocking that has begun in most of the states plus the global cues that remain strong.
Crude oil in international markets on hopes of economic re-opening and thereby a resurgence in global demand has been gaining sharply. As of June 1, Brent crude has closed at 70.63 per barrel. The price of Brent crude as on April 2021 scaled to a high of $64.81 per barrel.
The crude prices are rising disregarding the concerns about increased supply from Iran as and when the sanctions are lifted.
Gold prices on continuing weakness in the dollar and pressure on the US treasury yield caught investors' attention once again. Also the recent crash in the May month in the crypto market space saw some of the funds coming into the bullion. Further, another concern that brightened the prospects for gold is around that of inflation, though the US Fed has reiterated that it shall only be a transitory phenomena.
From April 30, gold MCX prices moved from Rs. 46737 to Rs. 48821 as on May 31, 2021, implying a gain of over 4 percent.
The lustrous white metal also during the period gained from Rs. 68366 as on April 30 to Rs. 71898 per kg. This turns out to be a gain of over 5 percent.
The domestic unit against the green back also gained substantially to 72.5 as on May 31, 2021 from 73.9 as on May 3, 2021. Implying an almost 2 percent appreciation.