Sensex trims opening gains, Nifty holds above 15,700 Bank Nifty holds 35400

Indices started with gains on June 7.

Sensex was above 52,200 while the Nifty 50 breached 15,700 once again. Power Grid, ONGC, and ITC were the top gainers on Sensex while Bajaj Finance, Bajaj Finserv, and Asian Paints were the top to make slow progress The central government is unlikely to unveil any fresh stimulus measures to aid the pandemic struck economy to come out of the second wave of covid-19. Instead, the government will focus on Budget proposals, mainly in the infrastructure sector. The Union Budget introduced in February this year, already factors in the need for faster recovery from the pandemic aided slump in the economy and involves certain measures that will help in the process. The government will also look to undertake capex. On Friday, finance minister Nirmala Sitharaman asked various infrastructure ministries and central public-sector enterprises (CPSEs) to “front-load” capex and ensure the timely completion of large projects.

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