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Below are Views On The equity market closed for the week on a high note with net gains for the major indexes By Dr. Joseph Thomas, Head of Research, Emkay Wealth Management 

“The equity market closed for the week on a high note with net gains for the major indexes. The buoyancy stems from improving pandemic related conditions, and also due to broad indications that it has actually peaked out. This gives greater certainty about the future in terms of the likely relaxation of lockdown conditions in the major cities across the country, and also a faster return to normalcy. There is also a renewed vigour in the massive vaccination efforts, as many state governments have started inviting bids to supply vaccines to ensure universal immunization, and as the realization that only such efforts would ultimately kill the virus is taking roots. The global economic and market conditions have also been supportive with the growth outlook looking up for all major regions, which may contribute to more favourable impact on trade and commerce. The US numbers, the RBI MPC meeting next week, and the further gains in the pandemic conditions are likely to engage the attention of market participants in the coming week.”

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