Last week, the Indian stock market ended its losing streak to end the week in green. Even though the situation in the country continues to be grave, positive global macroeconomic data and strong signs of recovery fueled positive investor sentiment in the Indian markets. While markets gained almost all days of the previous week, Friday saw widespread selling – this can be attributed to India’s lacklustre healthcare system, which has failed to handle the extreme rise in Covid-19 cases.
Anyway, before moving into other updates about the market – here’s a quote of the week…
Quote of the week
“Opportunities come infrequently. When it rains gold, put out the bucket, not the small bowl.”
Markets Update
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Nifty 50
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14,631.10
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2.02% ▲
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Nifty 500
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12,364.35
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2.14% ▲
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Bank Nifty
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32,781.80
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3.34% ▲
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The Big Picture
- In India, infrastructure output refers to a combined index that measures the performance of 8 core industries including steel and coal production, among others. Infrastructure output in India rose by 6.8% year-on-year in March 2021, the most since July 2018.
- Foreign Exchange Reserves in India increased to $584.11 billion on April 23 from $582.41 billion in the previous week.
Ok, so?
Artificial Intelligence in Indian Agriculture
Technology has taken over various industries over the past couple of years and changed the fortunes of the industry in a positive way. Whether it be finance, healthcare or education – human beings are leveraging technology to make industries more and more efficient. One such industry that technology hasn’t yet fully taken over, but soon will, is agriculture.
Reports suggest that Artificial Intelligence (AI), if utilised to its full potential, has the capability of relieving the sector of its inefficiencies. India is primarily an agrarian economy and efficient agriculture is of utmost importance. AI-led use cases like enhancing soil yield, pest and drought prediction, crop management, precision farming, are all going to help empower our farmers and uplift rural India. Okay, so? Click below to find out.
And that’s a wrap for this week. Happy investing! 🙂
Abhishek Jadon
VP, Investment Products at Windmill Capital.
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