Indices climb for 3rd straight week; broader mrkt outperforms
Mumbai, Nov. 13 -- The equity benchmarks indices ended the truncated trading week on a positive note, extending their winning streak to three consecutive weeks, supported by festive optimism, sustained foreign institutional investor (FII) buying, easing crude oil prices and appreciation in the Indian rupee. However, investor sentiment remained cautious amid concerns over domestic inflation, which rose to 6.09%, breaching the Reserve Bank of India's (RBI) upper tolerance limit. On the global front, NVIDIA CEO's resignation and rising global bond yields added to market uncertainties, with higher yields raising concerns over borrowing costs.
Going ahead, investors will track global central bank policy decisions, particularly their assessmen...
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