Pulse of the Street: Cyclicals buck weak market as FPI inflows hit 23-month high
Mumbai, Aug. 21 -- Indian equities ended the week lower, as losses in information technology (IT), telecommunications, and consumer stocks outweighed gains in realty, metals, and private banks. Elevated crude and volatile global bond markets kept investors cautious even as foreign investors returned in force.
Indian equities ended little changed on Friday, with the Sensex closing flat at 77,540.83 and the Nifty 50 edging just 0.08% higher to 24,252. For the week, the Sensex fell 0.6%, while the Nifty declined 0.5%.
Real estate stocks emerged as the strongest pocket. The BSE Realty Index gained 1.58% during the week, while the BSE Private Banks and the BSE Metal advanced 0.65% and 0.60%, respectively.
In contrast, the BSE IT Index fell ...
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