What a week! When we started this week, the Russian bear was all set to attack Ukraine, while experts all over the world were speculating what it will do next. In a remarkable move, Russia declared a "special military operation" in Ukraine & started the biggest war in Europe since World War II.
The threat of a looming war had caused stock markets to remain volatile through the past weeks. As the war has begun, the benchmark indices plunged to a deep low however they made a sharp recovery on Friday.After a week of volatility Nifty ended the week 618 points lower (-3.58%) at 16,658.40. Sensex had plunged to a low of 54,439 points only to end the week at 55,858 1,974 points lower (- 3.41%) than the last Friday's close. Bank Nifty ended the week at 36,430 down 1,168 points from last week's closing a net fall of 3.11% after recovering from a dip below 35,000 points.
It is said that people tend to remember better the negative feelings of losing money in the market than the positive ones associated with making good profits.
Barley prices closed higher by 0.65 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of strong demand from beer and cattle-feed making industries against restricted supply in physical markets.
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