Weekly Market Wrap: Saturday, June 22nd 2024

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Weekly Market Wrap: Saturday, June 22nd 2024

# Sensex, Nifty ring small gains but lack bullish mojo.

# Bank Nifty steels the limelight and ends with a cherry on the top, up 3.32% on weekly basis.

# Nifty IT index too star outperformer, gaining 1.74% after Accenture earning report showing strong demand for its AI offerings.

# The S&P 500 briefly peaks at a new record high of 5,500.

# A weak retail sales print suggests an increasing bets into the narrative that a soft landing in the US is underway.

# India VIX settles at 13.18.
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