Nifty saw another positive close as local funds supported the markets with mid-caps also seeing positive traction.
Foreign selling continues to be a damper as global geopolitical uncertainty & higher inflation see stocks under pressure.
Metals, pharma & PSU banks were the gainers while auto, media & IT saw profit booking.
Nifty Midcap 50 index closed higher by 0.70% while the broader markets also saw traction on the upside.
US Market: US markets end the week with losses as Nasdaq & technology stocks see weakness.
Bond yields hit 3-year highs @ 2.03% even as the Federal Reserve meeting this week indicates a 25 basis points hike. US$ hits 6-month highs @ 99, while oil prices also see traction on the upside after a sharp fall on Thursday.
Asian Market: Asian markets saw a positive start as the Japanese ‘Nikkei’ was trading higher by over 300 points in early trade along with positive traction in the Australian markets which were up over 1.3%.
This is as oil prices see a decline of over 3% while geopolitical talks continue to see some positive rhetoric on breakthrough between Ukraine & Russia.
Taiwan & South Korean markets could trade in the red as technology stocks in the US lead to a global sell-off as over-ownership & higher rates expectations see selling pressure.
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