Benchmark indices were on course for yet another firm session today(21st May 2021), breaking away from their two-day losing streak, mainly due to investors looked past the global inflation concerns and hoped for a pick-up in Covid vaccination drive back home. Besides, strong March quarter results also supported the market sentiment.
Earlier this week, the S&P BSE Sensex closed above the 50,000-mark for the first time since April 1. The Nifty50, on the other hand, clinched the 15,000-mark on a closing basis for the first time since March 12. The indices, however, succumbed to profit-booking and erased around 1 percent in two days. Today bulls lifted the Sensex and the Nifty over 1 percent as they touched highs of 50,275 and 15,108.
Read more