Market rallies on strong broader market gains despite mixed global cues
Mumbai, Oct. 30 -- Domestic sentiment remained focused on Q2 earnings, with strong profit growth at Kotak Mahindra Bank, Mankind Pharma and Larsen & Toubro, while Dr Reddy's Laboratories, Maruti Suzuki and Cipla reported weaker results. Globally, the US Federal Reserve held its target rate at 3.75%-4.00%, with two members favouring a 25-basis-point hike. US durable goods orders rose 1.8% in September, while the Dallas Fed survey indicated continued input-cost pressures. Meanwhile, UK retail sales declined 0.4%, and US consumer sentiment remained subdued amid rising inflation expectations. Overall, domestic earnings developments supported sentiment despite mixed global cues and inflation concerns.
In the week ended on Friday, 30 October 2...
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