neutral
Recently
Market posts modest weekly gains as rupee stays under pressure
Markets ended the holiday-shortened week slightly higher, but a weaker rupee and thin trading volumes reflected investor caution amid foreign outflows and anticipation of key global economic data.
Indian equities closed a truncated holiday week with marginal gains as investors remained cautious amid low volumes. Benchmark indices edged higher on selective buying in banking and energy stocks, while IT shares lagged. The rupee weakened against the dollar due to sustained foreign outflows and firm US yields. Traders expect near-term range-bound movement ahead of global data releases next week.