Sensex, Nifty Reach Record High As This Week’s Inflation Drops

Mumbai
The last week saw the closing of the Indian stock markets at a record high. The Indian leading indices, Sensex and Nifty, have reached new all-time highs of 77,145 and 23,490, respectively, for the second week in a row.
Sensex closed at 76,992, up 299 points or 0.39 percent, and Nifty landed at 23,465, up 175 points or 0.75 percent, during the last week that concluded on June 14.
The retail inflation rate dropped from 4.83 percent in April to 4.75 percent in May, according to official data issued on Wednesday.
Domestic institutional investors (DIIs) invested Rs. 2,030 crore during the week, while foreign institutional investors (FIIs) invested Rs. The smallcap companies that saw the biggest gains were Asian Granito India, Home First Finance Company India, Honda India Power Products, Reliance Power, PTC Industries, EIH Associated Hotels, HCC, GTL Infrastructure, Wardwizard Innovation and Mobility, and Home First Finance Company India.
Samvardhan Motherson International, Endurance Technologies, LIC Housing Finance, Scheffler India, Oil India, Max Healthcare Institute, Honeywell Automation, Oracle Financial Services Software, and New India Assurance were the top gainers in the midcap space.