Markets began the week on a firm note with the Nifty scaling a fresh high on Monday on optimism about faster-than-expected recovery of the economy. Hopes of further stimulus by government is also bolstering investor confidence,” Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services said. Also read: Top US executives agree on 2nd wave’s limited impactThe GDP growth print for FY21 and Q4FY21 was at -7.3% and 1.6% respectively. The average 10-day, 22-day and 66-day returns after reaching the all-time high are 30 bps, 80 bps and 2.9% respectively. The median 10-day, 22-day and 66-day returns after reaching the all-time high are 90 bps, 70 bps and 3.4% respectively.

Source: Hindustan Times June 01, 2021 02:37 UTC