Markets started the week on a firm note with the Nifty hitting fresh high once again on Monday. Widespread optimism about faster than anticipated economic recovery led the markets. The GDP growth print for overall FY21 and Q4FY21 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: Mint May 31, 2021 14:26 UTC