Sensex Nifty New Highs

Earnings growth is proving to be a key metric. Made up of potential candidates for the benchmark Nifty 50, the gauge has seen its forward profit estimates climb 20% so far this year

The NSE Nifty 50 on Wednesday scaled a new high after 142 trading days. The average swing returns since 2018 are 32.8 per cent suggesting an upside target beyond 22,000-mark.

The spurt in HDFC Bank shares was on the back of a report by Macquarie that said FII buying could exceed $1 bn on June 1

India's largest public lender State Bank of India rose 0.37 per cent to Rs 312.10

Weak corporate earnings remain a concern, Sensex will reach record high by year-end