D-Street Closes At Record High, Broader Market Outperform, Will Nifty Continue This Rally On Monday?

Home looking at the D Street that extended the winning run for the 2nd consecutive week, with benchmark indices hitting fresh record highs in the week. The rally was led by moderate US and domestic inflation, print positive global markets, FIA buying and inline FOMC meeting outcome. But what more happened on the D Street? Let's go across to Anch to get that round up. Well, this week Nifty to Shrikor high level advancing for second consecutive week, but in overall basis, if you see on chart the nifty state within a consolidation throughout the week and this was mainly led by Sriram Finance and Ultratech. If we talk about other broad indices then Nifty Midcap has 55,000 mark for the very first time and this was dominantly led by Mascot Dog whereas Nifty Small Cap touched 18,000 mark for the very first time. Moving on to sector indices, Nifty Reality was the top sector againer which also touched all time high level and this was mainly led by Suntec and Phoenix Mills. Whereas Nifty Auto and Nifty Pharma Board test record high advancing for second consecutive week. Nifty Energy to close in green advancing for second consecutive week and this was mainly led by ONGC and BPCL. If you talk about sector losers, the Nifty IT was the top sector a loser which was mainly dragged by Co Forge and Infosys where Nifty FMCG 2 closed in red. So overall it was a positive week. Thank you so much for that roundup on the markets and D Street, how that performed in the week. But let's move on. And India's trade deficit widened to 23.78 billion, $8 in the month of May 2024, as it's just $19.1 billion in the first month of 2024-2025. That's April. While the exports rose nearly 9% from April to $38.13 billion in the month of May, imports shot up by 14.45% to a $61.91 billion. On a year on your basis, when you look at the exports and I was mentioning it was over 9% growth. Imports registered a growth of around 7.8% and one of the leading causes for higher trade deficit this time is the rise in oil imports of 28.1% to $19.95 billion in the month of May 2024 on a year on year basis. So clear that was reason behind the widening of the trade deficit data. If you like this video then like share and subscribe to ET Now.