As Markets Sway High and Low, Sectors Remain Steadfast
If you are a cricket fan, you are probably caught up in the thrilling action of the 50-over Asia Cup happening in Sri Lanka. However, it seems like the financial world is in a T20 mood of its own. Why do we say that? Well, it’s because the past week has been a rollercoaster ride with emotions ranging from sheer excitement to moments of despair. But there’s more to this analogy. Just after the G20 summit concluded, the NSE benchmark Nifty 50 index achieved a remarkable feat, surging past the 20,000 mark and setting a fresh all-time high at 20,167.65. It’s as if the financial market decided to switch to a T20 format with rapid-fire gains and unexpected twists.