NEW DELHI, Feb 21: The Indian equity benchmarks posted mild gains on a weekly basis, despite several sessions of sharp declines in the IT index.
Nifty added 0.39 per cent during the week and added 0.46 per cent on the last trading day to settle at 25,571. At Friday’s close, Sensex was up 316 points or 0.38 per cent at 82,814.
It advanced 0.38 per cent during the week.
Sectoral performance remained mixed during the week, with all major indices ending in the red. Nifty media was the worst performer, down 2.46 per cent on a weekly basis, followed by capital markets, down 2.44 per cent and IT, down 2.07 per cent.
Global risk sentiment has improved meaningfully after the US Supreme Court struck down a majority of President Donald Trump’s tariffs that were implemented under emergency powers.
The development buoyed global markets, with GIFT Nifty rising over 1 per cent, indicating the possibility of a gap-up opening for the Nifty at the start of the next week, analysts said.Continued institutional support and improving momentum indicators will be critical in determining whether the current rebound evolves into a sustained uptrend. (IANS)
