The benchmark indices touched new highs supported by the metal, IT and pharma sectors. Faster vaccination, positive global cues, and strong march quarter earnings aided sentiment as the Nifty50 climbed a new peak of 15,835.55. After hitting a peak of more than 4 lakh daily cases on May 8, infections have been declining and dropped to below 1 lakh in the last few days. This will add strength to the Indian markets. Among sectors, IT, metal and pharma indices rose 1-2 percent, while selling was seen in the FMCG and banking sectors.
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