Markets logged their second week of gains as earnings season kicked off on an optimistic note. The Nifty crossed its all-time high, ending the week at 10,167 with gains of 2 percent. Mid- and small-caps clearly underperformed with the focus remaining on large-caps as key frontline companies announced their results.
India’s benchmark indexes logged gains of 2 percent during the week as firm global market cues along with positive macro data back home aided sentiment. Market participants were also buoyed by expectations from the GST council meeting on Friday. The mid- and small-cap indexes
Markets registered sharp losses during the week as geopolitical worries continued along with persistent selling by FIIs. Weakness in the rupee also dampened sentiment.
Geopolitical worries were back in focus on Friday with markets witnessing the sharpest single-day fall of 2017.
The Nifty closed the week above the 10,000 mark in spite of heavy selling by foreign institutional investors (FIIs) and ongoing geopolitical tensions. IPOs continued to hog the limelight and saw a good response.
Indian markets remained in a narrow range throughout the week with the Nifty dipping 0.5 percent to close at 9,935 after gaining for three straight weeks.
Indian markets posted their third weekly gains, shrugging off negatives on continued liquidity and short-covering. The Nifty neared the 10,000 mark, gaining 1 percent with mid-caps clearly outperforming.
Indian markets ended a truncated week on a flat note due to lack of triggers. A bit of relief for Infosys along with gains in pharma stocks managed to limit a further slide in the Nifty. However, the momentum did not evince any confidence for the Nifty to be able to again cross the 10,000 milestone in a hurry. Oil climbed on Hurricane Harvey fears.
A sharp bounce-back for Indian stock markets after falling 3.5 percent the previous week was halted by the sudden exit of Infosys CEO Vishal Sikka even as mounting concerns about disruptions in the Donald Trump administration dampened sentiments. The Nifty ended the week at 9,837 with gains of 1.3 percent, as it recovered partly from a sharp intra-day fall on Friday.
Indian markets posted their biggest weekly decline in 18 months as several worries dominated the street, beginning with the escalation of tensions between the United States and North Korea.
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