Pulse of the Street: Nifty ends higher despite Friday sell-off; IT, monsoon risks weigh
New Delhi, June 19 -- Indian equities ended the week higher, powered by gains in financials, realty and capital goods, while softer crude oil prices, renewed foreign inflows and a recovery in the rupee improved risk appetite. Sentiment was also supported by global relief after the US-Iran agreement.
The Sensex rose 1.69% for the week and the Nifty gained 1.65%, despite both benchmarks slipping nearly 1% on Friday after a four-session rally. The Sensex ended at 76,802.88, while the Nifty closed at 24,013.10. Profit-booking and a sharp fall in information technology (IT) stocks capped gains, but strength in domestic-facing sectors helped the market close the week in positive territory.
Domestic-focused sectors were the main support for th...
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