The shares of a pharma company, Ipca Laboratories dived down by around 8 per cent, going against the market trend when Nifty touched a record high of 15,469.65, three months since the previous record high. Sensex was also seen trading close to its all-time high but remained shy.

Making a buzz in the last few minutes of Friday's trading session, the shares of Deepak Fertilisers & Petrochemicals took a big leap after the company announced its Q4FY21 results and also, approved a dividend for FY21. 

At the present valuations, we advise investors to invest in a combination of balanced advantage fund, Flexi-cap/large & mid-cap fund along with small allocations in sectoral as well as small-cap funds.

The last one year has been quite volatile as well as rewarding for equities. Read onto find out more about the equity MF categories that performed well in the last one year.

The key economic news impacting markets during the week.

The shares of Hester Biosciences were trading up by 8 per cent during Friday's morning session after the company announced that a memorandum of understanding (MoU) has been signed between Bharat Biotech International Limited and Gujarat COVID Vaccine Consortium (GCVC). 

The stock is trading near the level that was seen in the latter part of March 2021. The stock has also witnessed an addition of 9.12 per cent in the open interest.

Remember how a group of traders drove the price up of a stock named, GameStop on Wall Street amid short squeezes? If you’re unable to recall that incident, there’s nothing to worry about because history is repeating itself all over again. Metaphorically speaking, the plot of the movie is the same; only the protagonist has changed!  

Ashoka Buildcon Limited  has received a letter of acceptance from Fahi Dhiriulhun Corporation, a state-owned company of the Government of Maldives, for the project of design & construction of 2,000 social housing units in Hulhumale (Maldives).

The market opened in green on May 28, 2021.