In a dramatic turn, last week the Indian equity markets had a sharp rise. Both the benchmark indices – Nifty and Bank Nifty closed at record high levels compared to the sideways trend that has been going on for quite a few months now.
From a sector perspective, Metals remained a little cautious compared to what we have seen in the past, but if one were to look at the China HRC prices, they have been on a massive upward trajectory with some cool-off happening in May.
April ’21 IPM (Indian Pharmaceuticals Market) also saw robust growth of ~51% in the secondary market data that was published with anti-infectives therapy area leading the pack for the growth.
Where do we see the markets headed?
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