Market View - May 28, 2020 - Vinod Nair, Head of Research at Geojit Financial Services

In a continuation to positive expectations visible yesterday, benchmark indices gained by around 1.9%, led by the Auto and Banking index. A huge EU stimulus plan provided a boost to European shares while Asian shares were affected by the US-China diplomatic issues. Indian markets are banking on continued resumption of economic activities, inspite of still high number of new infections. Further stimulus measures are also expected to boost demand in the economy and help the most impacted sectors to recover. Market is rising on the back of expectations while there has been little change in ground realities.

Source : Equity Bulls

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