The Indian EdTech sector has continued to thrive in 2021. It has witnessed a phenomenal growth across domains to accelerate learning outcomes, thanks to increased internet and smartphone penetration, a shift toward digital learning, and the need to upskill. According to a report by transaction advisory firm, RBSA Advisors, the Indian EdTech industry is expected to be worth $30 billion in the next ten years.Gaurav Bhatia, Chief Business Officer, RISE WPUIn the last one year, the sector has witnessed a new creed – applied learning – which means courses are curated on the principles of learning through practical application rather than theory. This has helped students gain a broader perspective and shape their worldview through hands-on skills. Moreover, the use of technology in education has given students access to global quality academicians, industry experts, and seamless flexibility, allowing them to learn in an agile learning environment that nurtures and encourages work-study-life balance.In the process, the EdTech sector has broken down geographical barriers and made education more accessible. We have observed an increased traction from tier-2 cities for online courses in technology, with a focus on reskilling or upskilling. This trend is expected to gain further momentum in the coming year. Besides this, there has been an increase in the number of women enrolling in such courses. We are encouraged by the number of women who are upskilling and reskilling in order to enter the tech workforce. In fact, as part of their diversity and inclusion initiatives, several technology companies are mobilising significant efforts to improve gender parity in their workforce, particularly at the top.The EdTech revolution has empowered students and career-changers with applied learning opportunities and will continue to shape the education sector significantly in the coming years.
The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.
Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.
In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.
Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.
Source: Choice India