Over the last few weeks the markets have remained volatile as the world economy tries to get back to normalcy despite rise in COVID-19 cases. Also, fears existed in the minds of investors as tensions between US-China rose.
During the week, domestic markets witnessed bull sessions as lockdown was eased. Sensex and Nifty rose by 6.83 per cent and 6.54 per cent respectively. SmallCap and MidCap index gained by 1.99 per cent and 2.95 per cent respectively. Amongst sectoral indices, IT index zoomed by 15.90 per cent during the fortnight as the impact of COVID-19 was less than expected and most of the companies have strong project orders to be able to sustain through the current challenging situation. Following it, Auto index, Metal index, Bankex and Power index inched up higher by 7.25 per cent, 4.47 per cent, 3.47 per cent and 2.50 per cent, respectively.
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August 03 - 16, 2020