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: Saturday, June 5, 2021, 10:18 AM IST
Indices close at record high amid falling COVID cases; Nifty likely to touch 16,000-levels next week
The bulls were driving the market throughout the week as we were witnessing daily new record highs in the Nifty 50. However, on Friday (June 4) trading session, the benchmark index turned volatile after the Reserve Bank of India (RBI) decided to keep the policy rate unchanged and closed slightly lower at 15,669.25 levels with a loss of 21 points while Bank Nifty settled around 35291.65 levels with almost 1 percent loss in a day. Overall, it was profitable weekly as the Nifty index gained more than 1.3 percent on a weekly basis and also made a new record high at 15,733.60 levels on the last trading session of the week.