Key Points
When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-shortened week are likely to impact them...
Commenting on the day's trade, Rupak De, Senior Technical Analyst at LKP Securities said that Nifty struggled to withstand the selling pressure at higher levels after beginning the day on a positive note and ultimately closing at the day's lowest point..
The Indian rupee ended little changed on Friday after rising to its highest level in a week as dollar demand from importers and a mild uptick in the dollar index eroded gains driven by inflows, Reuters reported quoting traders..
Technically, Nifty's primary trend remains positive, with the third consecutive weekly gain and despite Nifty IT underperforming as other sectors have demonstrated rotational participation, Om Mehra, Technical Analyst at SAMCO Securities said..
Indian government bond yields ended the week steady as traders refrained from placing large bets amid a lack of fresh triggers..
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