By Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
Nifty is up by 0.52% at 15817, breaking the previous highs of 15800, while Sensex is up by 0.57% at 52,597 breaking previous high of 52,516. Market has hit all-time highs on back of very good flows from FII, DII and increase in retail participation. Additionally, companies have reported very good earnings for the quarter ended 31st March 2021.
Reliance continues to lead the rally in Sensex, up by 1.4%, but still hasn’t broken the all-time highs of 2369 and on other side, BFSI and IT sectors are continuing their momentum. S&P BSE Energy has also rallied throughout the weak, and is up today 1.44%, S&P BSE Information Technology is up by 1.24% and S&P BSE METAL is up by 1.17%. We expect positive momentum to continue in broader market and expect Midcaps & Small caps to continue their outperformance.
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