Indian shares rose on Friday, aided by rise in financials and optimism that the rate hike cycle may be near its end after global central banks hinted at inflation easing, while the ongoing rout in Adani group stock capped gains.
were the top losers on Nifty 50 index. The Adani saga could continue to hurt the sentiment in the market, three analysts said.
The rise in domestic equities is also spurred by dovish comments from global centrals banks over the last two sessions. The Reserve Bank of India is expected to raise the key policy repo rate by 25 bps at its policy meeting on Feb. 8, beginning the end of almost a year-long tightening cycle.Our Standards:
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