Foreign funds fire up mkts: Key indices put up best weekly showing in years

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Foreign funds fire up mkts: Key indices put up best weekly showing in years - Business Standard

Quick Summary:

The Sensex rose 558 points, or 0.

The outlook helped ease concerns over persistent inflation, with Fed Chair Jerome Powell suggesting that potential price pressures from US President Donald Trump’s trade policies might prove transitory.

A breakout could push it toward the 23,800-24,100 range, while key support lies at 22,750-23,000,” said Ajit Mishra, senior vice president of research at Religare Broking.“Traders should focus on select picks with a favourable risk-reward ratio rather than chasing momentum.