Published on 13/06/2021

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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