The Indian equity benchmarks posted mild gains on a weekly basis, despite several sessions of sharp declines in the IT index. Nifty added 0.39 per cent during the week and added 0.46 per cent on the last trading day to settle at 25 thousand 571. At the closing of the trading session yesterday, Sensex was up 316 points or 0.38 per cent at 82 thousand 814. It advanced 0.38 per cent during the week.
Sectoral performance remained mixed during the week, with all major indices ending in the red. Nifty media was the worst performer, down 2.46 per cent on a weekly basis, followed by capital markets, down 2.44 per cent and IT, down 2.07 per cent.
US Stocks rose yesterday after the Supreme Court ruled against President Donald Trump’s sweeping tariffs, potentially providing relief for companies burdened by higher costs from the duties and easing concern about sticky inflation still plaguing the U.S economy. The S&P 500 advanced 0.69 per cent while the Nasdaq Composite gained 0.9 per cent. The Dow Jones Industrial registered a hike of 0.47 per cent.
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