Markets rise on positive global cues

Reading Time: 2 minutes

Last week, the Indian stock market ended its losing streak to end the week in green. Even though the situation in the country continues to be grave, positive global macroeconomic data and strong signs of recovery fueled positive investor sentiment in the Indian markets. While markets gained almost all days of the previous week, Friday saw widespread selling – this can be attributed to India’s lacklustre healthcare system, which has failed to handle the extreme rise in Covid-19 cases.

Anyway, before moving into other updates about the market – here’s a quote of the week…

Quote of the week

“Opportunities come infrequently. When it rains gold, put out the bucket, not the small bowl.”

“Opportunities come infrequently. When it rains gold, put out the bucket, not the small bowl.” Click To Tweet

Markets Update

Nifty 50
14,631.10
2.02% ▲
Sensex
48,782.36
1.89% ▲
Nifty 500
12,364.35
2.14% ▲
Bank Nifty
32,781.80
3.34% ▲

The Big Picture

  • In India, infrastructure output refers to a combined index that measures the performance of 8 core industries including steel and coal production, among others. Infrastructure output in India rose by 6.8% year-on-year in March 2021, the most since July 2018.
  • Foreign Exchange Reserves in India increased to $584.11 billion on April 23 from $582.41 billion in the previous week.

Ok, so?

Artificial Intelligence in Indian Agriculture

Technology has taken over various industries over the past couple of years and changed the fortunes of the industry in a positive way. Whether it be finance, healthcare or education – human beings are leveraging technology to make industries more and more efficient. One such industry that technology hasn’t yet fully taken over, but soon will, is agriculture.

Reports suggest that Artificial Intelligence (AI), if utilised to its full potential, has the capability of relieving the sector of its inefficiencies. India is primarily an agrarian economy and efficient agriculture is of utmost importance. AI-led use cases like enhancing soil yield, pest and drought prediction, crop management, precision farming, are all going to help empower our farmers and uplift rural India. Okay, so? Click below to find out.

And that’s a wrap for this week. Happy investing! 🙂

Share
Pujit Bhutoria

Attempting to make investing as simple as it is.

Published by
Pujit Bhutoria
Tags: artificial intelligence nifty sensex smallcase smallcases

Recent Posts

  • Featured Stories
  • Postweek Reports

Rising US inflation spooks Indian markets

Reading Time: 2 minutes Indian stock markets ended the week lower as June quarter earnings are expected to be lower…

1 day ago
  • smallcase Publisher

Technology + Special Situations (Demergers) = structural growth

Reading Time: 2 minutes In this blog, Neil talks about creating Structural Growth over time by investing in strategies based…

2 days ago
  • Investing Insights
  • smallcase Stories

My Journey And Lessons From Personal Finance

A rupee saved is a rupee earned. Not unlike any other typical Indian household, savings was an undebatable topic in…

1 week ago
  • Featured Stories
  • Postweek Reports

RBI surpise meet uplifts markets

Reading Time: 2 minutes Stock markets ended the week in green as investor mood was uplifted due to the liquidity…

1 week ago
  • smallcase Publisher

Impact of Covid’19 Second Wave on Markets

Reading Time: 6 minutes In this blog, Sonam from Wright Research talks about the various impacts that the second wave…

1 week ago
  • Featured Stories
  • Inside smallcase

Introducing fee-based smallcases

Reading Time: 2 minutes Fee-based smallcases are now available on the app and our website alongside free smallcases. What's happening?…

1 week ago