The NSE Nifty gained 1.11%, or 258.90 points, to close at 23,508.40. The BSE Sensex advanced 1%, or 740.76 points, to close at 77,500.57. For the week, both indices rose 1.8% in a relief rally marked by scepticism. They are down less than a percent in January.
Any relief rally in markets likely limited and temporary: David Roche
Global markets are reacting prematurely to geopolitical shifts, according to macro strategist David Roche. He argues that recent oil and equity market moves reflect speculation