AAKASHAYA PATRA WEEKL1Y MARKET OVERVIEW:13.06.2021
“The new trading week started on a pleasant note on Monday asthere was some positivity seen across the globe. With this, our benchmark registered a fresh record high while the banking remained quiet on he first day. During the remaining part of the week, Nifty consolidated in a small range as the banking kept sulking. Fortunately, the IT space saw some renewed buying interest which kept our benchmark in the positive terrain to eventually register yet another record high beyond the 15800 mark. Among the key indices, Nifty gained 0.82% during the week which was mainly led by handsome gains of 4.52% in Nifty IT. The Nifty Midcap 50 index too added another 2.57% to its kitty; however, the banking remained laggard by losing over half a percent. Since we are trading in an uncharted territory, a small uptick from hereon would give us new high. Hence, it should be considered only as a number now. Since last couple of weeks, we have been mentioning how t...