The first week of March 2021 witnessed very volatile sessions in markets all over the world. One of the reasons for the roller-coaster ride in the markets was due to the concerns of the rising bond yield.
The commodity markets, especially Gold closed below their strongest support of USD 1760 and slipped below USD 1700.
Nifty Spot
Nifty 50 closed at 14,467.75 on 26th February, 2021 (Previous week.) In this week, nifty touched the high of 15,273.15 on 3rd March and finally ended the week on 5th March at 14,938.19. Overall Nifty gained around 400 plus points in the week.
Nifty Bank
Nifty Bank weekly low was 34,658.70 and reached the high of 36,455 on 3rd March, 2021. Nifty Bank closed the week at 35,228.
Top Performing Sectors in the Week from 1st March, 2021 to 5th March, 2021
- Nifty Media moved up by 6.6%
- Nifty Commodities moved up by 4.5%
- Nifty Small Cap 100 moved up by 4.0%
- Nifty IT moved up by 3.8%
- Nifty Auto moved up by 3.5%
- Nifty Midcap 100 moved up by 3.5%