Last updated: 06 Aug, 2021 | 04:21 pm
The Nifty started off the week with strong gains on Monday, on positive global cues. The undertone of the market was bullish as GST crossed 1 lakh crore in collections.
The index closed at all time high on Tuesday, amid broad based buying. Easing of restrictions and drop in active covid cases boosted market sentiments.
The index registered gains for the third consecutive day on Wednesday. The Sensex and Nifty settled at record high closing with Sensex crossing 54,000-mark and Nifty closing at 16,250 levels. Strong earnings from US companies across the board provide a good boost to sentiments of global investors.
The main indices rose for the fourth consecutive day and registered another closing high on Thursday. On the final day of the week, the market settled with moderate losses and the Nifty ended below 16,250 level. For the week, Nifty registered gains of 3%.
Top gainers and losers
Here is a quick recap of the market moving developments:
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