Key Points
"During a week marked by volatility, the stock market closed near its peak, with the Bank Nifty index emerging as a standout performer..
With few definitive signals this week, the market focus remains on the trajectory of the dollar index and US bond yields," Santosh Meena, Head of Research, Swastika Investmart, said.. While he warns against elevated crude oil prices which pose a potential risk, the prevailing bullish sentiment will overshadow negative developments in his view...
The Indian rupee ended little changed after hovering in a tight band on Friday, as dollar demand from importers, including local oil companies, eroded the impact of supportive global cues, Reuters reported quoting traders..
The dollar index and oil are expected to be range bound while the Indian rupee is broadly expected in the range of 82.80 to 83.30 and narrowly 82.90 to 83.10," said Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP said...
Nifty prices concluded the week above the key psychological threshold of 22,000 for the first time, Arvinder Singh Nanda, Senior Vice President, Master Capital Services, said, adding that the market's upward momentum was supported by strong performances from key index heavyweights, including RIL, HDFC Bank, ICICI Bank, SBI, Infosys, and L&T...
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