Burger King shares hit two days of upper circuit after a bumper listing.Financial stocks were also in focus last week with many of them reclaiming their pre-Covid highs.
Following the decent earnings of IT company Accenture, investors expect IT stocks to perform well going ahead. Sugar stocks were also on the radar screens of investors after an export subsidy was announced for the sector.Not only in equities, but other asset classes such as crude oil and metals are also on an up move.
So, analysts warn that rising commodity inflation would weigh on margins of India Inc unless they resort to price hikes.While equity markets remain in a cheerful mood, analysts caution that renewed lockdowns in some countries and ongoing Brexit negotiations,.