Markets gain for week amid mixed global cues
Mumbai, July 31 -- Indian equity markets ended the week with strong gains, driven by robust corporate earnings, broad-based buying across sectors and positive domestic sentiment. On the macro front, India's foreign exchange reserves increased during the week, reflecting continued external sector resilience. Global cues remained mixed. In Europe, Eurozone inflation accelerated in July, while the eurozone economy expanded more than expected in the second quarter. In the U.S., economic growth slowed in the second quarter, reinforcing signs of moderating economic momentum. Meanwhile, the Bank of England kept interest rates unchanged, citing easing inflation alongside persistent upside risks from higher energy prices and geopolitical uncertain...
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