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Indian Stocks, Gold And Rupee Have All Bucked The Trend In April


In the April month, even amid the pandemic crisis Indian equities which trembled and tumbled up to 30% in a single day in March, regained most of its losses. And as per reports have posted the best monthly gain in 10 years and with fears ebbing globally on coronavirus and global banks taking the charge to tide over the crisis, the rally may still continue in the short run.

Indian Stocks, Gold And Rupee Have All Bucked The Trend In April

Some reports however state that the bottom for Indian equities has still not been reached.

Similarly, gold which has been volatile all through the period has rallied in the month as stimulus measures by global central banks have underpinned their appeal as a safe haven.

As per a Bloomberg report, the precious yellow metal is set to record its best monthly gain since 2016.

It is to be noted that gold even saw a sell-off as investors preferred cash and also losses in other asset class were covered by selling gold.

When it comes to the domestic currency which also tumbled for the first time in the history to levels above 76 per US dollar due to Covid 19, has once again gained ground and on April 30, 2020 moved higher to levels of 74.97 per US dollar.

The sentiment largely has been aided by fresh foreign fund inflows.

Read more about: stock markets gold rupee coronavirus
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