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Sensex, Nifty and Bank Nifty scaled fresh all-time high on the back of sustained positive momentum across sectors in the past few weeks. The quarterly earnings season is being very strong with positive surprises from cement sector, ACC and Ambuja; consumer sector, ITC and Asian Paints; financial services, Shriram Transport & M&M Financial Services; and pharma, Biocon and Dr Reddy’s Lab.
Crude continues to remain in corrective phase below USD 75 per barrel auguring well for the economy and the oil marketing companies.
Nifty has ended 2.4 percent higher, while midcap and smallcaps outperformed to gain by 4 percent and 5.3 percent, respectively, for the week.
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