Indian stock indices, S&P BSE Sensex and Nifty50, reached new all-time highs on Friday, closing with gains. The Sensex rose by 803 points or 1.26% to 64,719, while the Nifty50 climbed 217 points or 1.14% to 19,189. The Nifty Bank also saw gains of nearly 1%. The positive performance was attributed to global data, strong foreign institutional investor (FII) buying, and progress in monsoon. The auto sector is expected to be in focus due to monthly sales data releases, and economic data locally and globally will influence market movements.
The market in the coming week will first react to June auto sales numbers announced over the weekend and further updates related to HDFC-HDFC Bank merger effective from July 1.
Sensex, Nifty end close to life highs on strong domestic cues thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.