Right Horizons – Weekly Market Report [ 22 May to 26 May ]

Right Horizons – Weekly Market Report [ 22 May to 26 May ]

Indian Equity—Weekly update : Indian share markets continued their positive momentum on expectations of a good monsoon and the impending GST implementation. Indian equities maintained the positive trend for the third consecutive week, with the benchmarks S&P BSE Sensex (up 1.9%) and Nifty 50 (up 1.8%) ending at record highs. The sentiment was primarily boosted by the positive global trend after the US Federal Reserve signaled a cautious approach to future rate hikes. Banking sector was the prime focus of public attention. Private leaders like ICICI ,HDFC and Yes bank closed with a…

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