INSUBCONTINENT EXCLUSIVE:
Mumbai: Benchmark indices ended up for the seventh consecutive session on Friday, posting their longest gaining streak since November last
Sentiment was boosted as retail inflation data, released after market hours on Thursday, eased to a five-month low in March and industrial
output grew at 7.1 per cent in February.
The Nifty reclaimed the 10,500 mark for the first time since March.
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Indices also logged a third consecutive weekly gain, with Sensex gaining 1.7 per cent and Nifty 1.4 per cent
With this performance, Indian markets are now the best performing among Asian markets so far in April with a gain of 3.6-3.7 per cent
The Nifty has recovered 5.3 per cent from the recent low of 9951.90 which was hit on March 23.
The Sensex gained 91.52 points, or 0.27 per
cent, to end at 34192.65 and the Nifty ended up 21.95 points, or 0.2 per cent, at 10480.60
The India VIX ended down 2.9 per cent at 14.14
1.2-2.7 per cent.
Provisional data showed foreign portfolio investors net sold shares worth nearly Rs 400 crore on Friday, while domestic
expectation of economic recovery leading to earnings growth, and short covering have helped the market
of research at Deutsche Equities India
Laijawala.
Sanjiv Bhasin, executive VP, markets and corporate affairs at IIFL, said he expects markets to scale new highs in the coming
seeing macro going ahead and how the equity market is seeing it
It remains to be seen whether GST revenues will pick up
