Key Points
Domestic equity benchmarks the Sensex and the Nifty clocked strong gains on Friday ending at their fresh closing highs, boosted by positive global sentiment..
FIIs ended this week on a strong note with an inflow of 6,646 crore in Indian equities..
Vinod Nair, Head of Research at Geojit Financial Services said, The domestic market rebounded with strong buying in banking, pharma, and consumer stocks, along with positive cues from global markets..
The S&P 500 ended lower on Friday, weighed down by Microsoft and other market heavyweights as comments from two Federal Reserve officials curtailed optimism that the central bank is nearing the end of its aggressive interest rate hikes...
The Nasdaq also ended the week lower, although the index and the S&P 500 remained near 14-month highs after economic data this week pointed to cooling inflation, eclipsing concerns about further rate hikes...
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