Nifty gained 0.6% for the week, briefly approaching its record high of 26,277 before ending Friday lower at 26,068.15. Analysts expect the index to be guided largely by global cues in the coming week, with no major domestic data releases. Sensitivity to global markets, currency movements and FII flows is expected to remain high as investors look for a breakout above record levels.Nifty gained 0.6% for the week, briefly approaching its record high of 26,277 before ending Friday lower at 26,068.15. Analysts expect the index to be guided largely by global cues in the coming week, with no major domestic data releases. Sensitivity to global markets, currency movements and FII flows is expected to remain high as investors look for a breakout above record levels
US Federal Reserve’s Anna Paulson sees scope for more interest rate hikes amid inflation risks
Philadelphia Federal Reserve President Anna Paulson indicated that additional interest rate hikes could be warranted to combat inflation. She stated that inflation remains persistently high,