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Domestic equity markets ended the last week of the financial year with decent gains on account of strong domestic flows. Nifty 50 index gained 1.4%. The Nifty Midcap 150 Index and the Nifty Small cap 250 Index outperformed the large cap Index Nifty 50 by gaining 2.1% and 2.0% respectively.
Most of the sectoral indices were positive this week. Nifty Realty, Nifty Auto and Nifty Healthcare Index were high performers gaining 4.8%, 3.5% and 3.0% respectively. While Nifty Private Banks, Nifty Media and Nifty IT were at the bottom. Nifty Private Banks was tad positive and showed gains of 0.9%. Whereas Nifty Media and Nifty IT lost (-) 1.7% and (-) 3.1% respectively.
Wallstreet had positive sentiments as investors awaited data releases on growth. During the week, S&P 500 (US) Index^, and Dow Jones gained 0.3% and 0.6% respectively while NASDAQ fell by (-) 0.2%. UK markets were flat. FTSE registered marginal gains of 0.2%. Asian markets were a mixed bag. Nikkei and Shanghai were slightly negative and lost (-) 1.8% and (-) 1.5%. Hang Seng 0.3% where as there was no movement in Kospi.
Other Markets:
Brent crude prices rose to $ 86.42
The rupee fell slightly to settle at Rs 83.40 against the US dollar.
Gold prices went up slightly to settle at Rs 66,746 per 10 grams.
The 10 Yrs G-Sec was at 7.06% compared to its last Friday close of 7.06%.
Source: www.nseindices.com; google finance, MCX Gold Prices; www.rbi.org.in; Morningstar and tradingeconomics.com
Data for week ended on March 28, 2024. ^ data for the week (Fri – Wed)
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