MUMBAI: Indian equity benchmarks closed on a strong note this week, snapping a four-day losing streak amid positive global cues stemming from US inflation data.
The market ended the week in a bullish tone with Nifty surging 0.18 per cent during the week and 0.58 per cent on the last trading day to 25, 966, after a softer US CPI print boosted expectations of a milder Fed stance.
At close, the Sensex was up 447.55 points or 0.53 per cent at 84, 929.
Indian equities were traded in a cautious tone for most of the week, weighed down by persistent FII outflows, rupee depreciation, and heightened global uncertainties.