In a week marked by volatility, Indian equity indices closed higher. Factors like mixed IT results, geopolitical tensions, US inflation, high oil prices, and FII selling influenced the market. However, positive domestic indicators like lower inflation, robust industrial production, increased DII purchases, and an improved GDP outlook by the IMF boosted investor sentiment.
The BSE Sensex rose by 0.43%, closing at 66,282.74, while Nifty50 gained 0.49%, ending at 19,751. The Nifty Realty index saw a notable rise of 4.3%, followed by Nifty Auto (2.8%), Nifty FMCG (2%), and Nifty Media (1.5%). Despite continued FII selling, the intensity decreased, while DIIs increased their equity purchases. The Indian rupee remained steady at 83.26 against the dollar.