Benchmark domestic equity indices, the Sensex and the Nifty, continued their rally for the third consecutive week. The market was supported by positive global cues, robust domestic inflows and optimism surrounding the India-US trade negotiations.
Both major indices reached new all-time highs during intraday trading on Thursday, marking a milestone after 14 months. The Sensex hit a record high of 8,656, while the Nifty touched the 26,310 mark. For the week, the 30-share Sensex at the Bombay Stock Exchange gained 475 points, or gained over half a per cent, to close at 85,707. The NSE Nifty 50 increased 135 points, or half a per cent, to end at 26,203. Meanwhile, the broader market at the BSE also displayed a positive trend; the Midcap index rose around 1.2 per cent, while the Smallcap index edged up marginally over the week.
In the forex market, the Indian rupee appreciated by four paise during the week, to settle at 89 rupees and 45 paise against the US dollar.
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