India’s stock markets created history this week with Nifty 50 surpassing the 16,000 mark and the BSE Sensex crossing 54,000. Indian benchmark indices consolidated on August 6th after hitting fresh highs for three consecutive sessions but the Nifty still managed to close above 16,200. On the sectoral front, buying interest was seen in telecom, metals, energy, IT, and FMCG while selling pressure was seen in realty, public sector, and banks. On the broader markets front the S&P BSE Midcap index rose 0.10 percent, and the S&P BSE Small cap index fell 0.43 percent by under performing benchmark indices.
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