Market ends week higher amid improved risk sentiment and easing oil prices
Mumbai, June 25 -- Indian equity benchmarks ended the holiday-shortened week with modest gains, advancing in three of the four trading sessions. Markets started the week on a strong note as easing crude oil prices and fresh foreign institutional investor (FII) inflows boosted sentiment. A sharp correction on Tuesday, triggered by weak global cues, foreign fund outflows and profit booking, briefly dented investor confidence. However, benchmark indices rebounded strongly over the next two sessions, supported by renewed FII buying, easing concerns over interest rate hikes, lower crude prices and optimism surrounding a potential India-US trade deal. The Nifty reclaimed the 24,000 mark and managed to hold above it through the week. Overall, th...
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