Markets week ahead

Markets week ahead

The market retained uptrend for the second consecutive week ending October 9, backed by positive global cues, a strong start to the September quarter earnings season, and dovish commentary by RBI. Stimulus hopes in India and the US also lifted sentiment.

The Nifty50 climbed 497.25 points or 4.36 percent to 11,914.20, the highest closing level since February 20 this year, while the BSE Sensex rallied 1,812.44 points or 4.68 percent to 40,509.49, but the broader markets underperformed benchmark indices, closing on a flat note.

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