Indian equities continued the gaining streak last week as benchmark indices hit fresh record highs. The broader indices outshined the benchmark as both Midcap and Smallcap index ended higher by 3.3% and 2.4% respectively. For the week, Nifty and Sensex closed over 1% each. ‘’Most of the sectors are trading in sync with the trend and we feel auto, IT and FMCG may see good traction this week. However, it’s not going to easy to identify the right opportunity at record highs so maintain extra focus on that front and avoid contrarian trades,’’ he said.

Source: Mint June 07, 2021 01:30 UTC