Indian markets gain on Q2 earnings and trade optimism
after close1 source ↓written by the desknot a recommendation
- rising
- 0.68%
- to close
- 0.50%
- to close
- 26,068
- 85,231
- all-time high
- 26,277
Indian equity benchmarks recorded modest gains for the second consecutive week, with Nifty and Sensex rising 0.68% and 0.50% to close at 26,068 and 85,231, respectively. The rally was fueled by stronger Q2 earnings, easing inflation, and optimism surrounding India-US trade negotiations.
However, volatility emerged on Friday as the Nifty struggled to surpass its previous all-time high of 26,277, while broader indices lagged, with Nifty Midcap100 and Smallcap100 down 0.76% and 2.2%.
Immediate market implications suggest that while earnings upgrades may support sentiment, caution remains due to global cues.
Not investment advice. For informational purposes only.