Indian Equity Benchmarks Close Higher On Friday Amid Inflation Concerns

Economic Times Markets · stocks

Indian equity benchmarks, the Nifty 50 and BSE Sensex, concluded Friday's trading session with modest gains, despite persistent inflation worries. The Nifty 50 rose 116.35 points to 23,053.10, while the Sensex climbed 308.49 points to 74,459.53. However, broader markets saw significant declines, with midcap and smallcap indices falling up to 2%. The Nifty IT sector led gains, surging over 2%, while Nifty Consumer Durables plunged nearly 2%. Market breadth remained negative, with more stocks declining than advancing.