Nifty logs 4.2% weekly gain on trade optimism, RBI rate cut hopes

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Nifty logs 4.2% weekly gain on trade optimism, RBI rate cut hopes - Business Standard

Quick Summary:

Markets regained momentum later in the week after US President Donald Trump said India had agreed to drop tariffs on US goods.

The Nifty Midcap 100 index rose about 1 per cent, while the Nifty Smallcap index rallied nearly 2 per cent.

The week began with the Sensex and Nifty posting their largest single-day gains in over four years, following de-escalation in cross-border hostilities.