Dear Readers Quick recap of the market for the current week is enclosed.( 06th June to 11th June 2021)
Hope You are doing well.
It was a historic week for Indian markets as both Sensex and Nifty50 touched their fresh record highs but the major action was seen in the small & midcap space.
Strong global cues, fall in daily COVID cases and the statement released by the Department of Economic Affairs stating that the economic impact of COVID second wave will most likely be restricted to Q1FY22 helped the sentiment.
The S&P BSE Sensex touched a high of 52,641 on Friday while Nifty50 also raced above 15,800 levels to touch a record high of 15,835. The S&P BSE Midcap index also touched a high of 23045 while the Smallcap index touched a lifetime high of 25,248.
S&P BSE Sensex rose 0.7 percent while the Nifty50 was up 0.8 percent for the week ended June 11 compared with the 1.8 percent rally seen in the S&P BSE Midcap index, and 3.5 percent gains seen in the S&P BSE Smallcap index in the same period.
Market Update: 11th June 2021
Sensex: 52474.56 ▲ 0.33%
Nifty: 15799.35 ▲ 0.39%