Dalal Street ends week on strong note as fear ebbs
[hfe_template id='11223']
[ad_1]
Indian benchmark indices logged record gains on Friday, mirroring the previous day's rally on Asian markets after US President Donald Trump announced a 90-day pause on reciprocal tariffs on Wednesday night. Indian markets had been closed on Thursday. The NSE Nifty rose 429.4 points or 1.9%, its highest single-day gain this year, to close at 22,828.55. The BSE Sensex rose 1,310.11 points or 1.8%, its highest daily advance since February 4, to end at 75,157.26. Both indices ended the week marginally lower at 0.3%. The Nifty Metal index was the top gainer of the day, up 4.1%, followed by the Consumer Durables, Pharmaceuticals and Oil and Gas Indices, which gained 2.2-3.2%. Elsewhere in Asia, sentiment was mixed. Japan fell 3%, South Korea declined 0.5%, China advanced 0.5%, Hong Kong rose 1.1% and Taiwan ended 2.8% up. The pan-Europe index Stoxx 600 stayed flat, ending 0.1% down. Live Events US stocks and the dollar dropped on Thursday a...