Markets have been drifting lower, but several stocks are trading around all-time highs. Continue reading to learn more.

After starting the week on a cheering note to falling in the middle of the week, the benchmark indices again rose on Friday to end the week higher. Following global cues, the Indian equity markets witnessed substantial volatility where Sensex 30 & Nifty 50 zoomed between 2 and 3 per cent.

On Monday, the European and Asian markets traded lower at the beginning of the week with key central bank meetings and US inflation prints. The domestic benchmark indices traded lower as offhand global sentiments and rising bond yields undermined the rally in the equities. 

On Monday, the equity benchmark indices settled higher for the second consecutive session, lifted by the mega-merger of HDFC and HDFC Bank. A sharp fall in crude oil prices is predicted to have aided market sentiment. In the international markets, Brent crude oil contracted 14 per cent to $103.66 per barrel from around $121 a barrel last week.

In addition to this, the company said that it recorded the highest-ever revenue of over Rs 24,000 crore (provisional & unaudited) for the financial year ended on March 31, 2022.

On Wednesday, the benchmark indices ended higher with Nifty closing above the 16900 mark led by buying seen across the sectors. The equity markets are eyeing the outcome of the FED meeting as the current geopolitical developments are creating further inflationary pressure in the global market and it is crucial to take into account the view of central banks.

For the market, every adversity is an opportunity and thus, this current geopolitical tension between Russia and Ukraine is also an opportunity in disguise for some.