Market rally continues on positive global cues, FIIs buying and strong earnings; rupee recovers
2023-04-18 07:03:10
Indian equity market rose more than 2 percent during the week ended 29 July, tracking positive global cues as the US Fed raised interest rates in line with expectations. Recovery in Indian rupee, better earnings from India Inc and return of FIIs in the domestic market also supported the investor sentiment.
In the week gone by, BSE Sensex jumped 1,498.02 points (2.67 percent) to end at 57,570.25, while the Nifty50 gained 438.85 points (2.62 percent) to close at 17158.3 levels. However, in the month of July, both the main indices advanced 8.5 percent.
