Weekly Wrap Up

*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!