*Source - www.google.com
Key news of the week -
• The BSE Sensex soared by 772.01 points or 1.25 percent, concluding at 62,501.69.
Similarly, the Nifty50 witnessed a substantial increase of 295.9 points or
1.62 percent, reaching a closing value of 18,499.30. These impressive gains indicate a
1 percent rise for the Sensex and a 0.77 percent growth for the Nifty so far this month.
• In recent times, gold has been the talk of the town, capturing the interest of Indians as it
reaches all-time highs and delivers impressive returns. However, its often-overlooked
counterpart, silver, is now stepping into the spotlight. With its industrial applications
and investment potential . As of April 30, 2023, silver has delivered returns of 13.1%,
outperforming the Nifty 50 index (12.3%) and closely matching the returns of gold
(13.0%). This highlights the potential of silver as an investment option, demonstrating its
competitive performance in the market.
Upcoming NFO -
HDFC Defence Fund -
It’s an open-ended scheme with the objective to provide long-term capital appreciation by investing predominantly in equity and equity-related securities of Defense & allied sector companies.
Opening date - 19 May 2023
Closing date - 30 May 2023
Minimum Investment - ₹5000
Fixed Deposit Bonds -
Quote of the week
"Plant the seeds of investment today, and watch your savings grow into a forest of financial freedom tomorrow."
Stay tuned for next week's update on the movements of the NIFTY and Sensex.
Happy investing!