Investors didn't sell in May as Sensex posted biggest monthly gains of 2021

Investors were in no mood to sell in May as the benchmark Sensex posted its biggest monthly gain of 2021 at 6.5 per cent.

Snapping out of last month’s underperformance, the domestic markets delivered returns better than its global peers. India’s market capitalisation also topped the $3 trillion mark for the first time during the month.

The benchmark Nifty surpassed its previous record highs made in February. The gains were broad-based with call sectoral indices of the BSE as well as the NSE ending the month in the green. The small- and midcaps continued to outperform, however, the gap narrowed significantly compared to the previous month.