Indian market extended its gain this week. The key reason behind the upbeat sentiment is the falling number of daily COVID-19 cases. Though there are restrictions in selected local areas to control the spread of virus, the consistent fall in COVID cases raised hopes for a gradual opening of the economy in the coming days. Benchmark index Nifty hit a fresh record high. Small & Midcap stocks moved in tandem with Nifty50 hitting fresh record highs. Except pharma, all other sectoral indices ended in the green.
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