Markets continued their bull run to settle at fresh closing highs on Friday with the S&P BSE Sensex scaling past the 31,000-mark and the broader Nifty50index hitting 9600-mark for the first time ever as higher derivatives rollover led to strong follow-up buying in index heavyweights on the first day of June series. Market touched another milestone supported by continued buying interest on index heavy weights post expiry.
Expectation on good monsoon & a slow pace in interest rate hike by FED continue to weigh the sentiment. Mid & small caps outperformed as recent correction scaled down the valuation gap with large caps, this gave an entry point for those who missed the
opportunity.Settling at fresh closing high, the 30-share Sensex ended at 31,028, up 278 points. The index was up 1.8% for the week. On the other hand, Nifty50 also ended at new peak of 9,595, up 85 points with a weekly gain of 1.7%.
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