Indian equities indices ended on a positive note on Weekended Friday, extending their winning streak to a third straight session, as the week ended on a positive note. However, following the death of Japan's former prime minister Shinzo Abe, stocks in Asian markets became flat. While running for office in a legislative election, he was shot at. U.S. stock futures also fell, pointing to a shaky start for Wall Street.
The broad NSE Nifty advanced 88 points or 0.54 percent to conclude at 16,221 on Friday, while the 30-share BSE Sensex rose 303 points or 0.56 percent to close at 54,482. Mid and small-cap stocks performed well at the close, with the Nifty Midcap 100 up 0.28 percent and small-caps up 0.31 percent. The National Stock Exchange's 13 sector gauges ended in the green. The NSE platform was outperformed by the sub-indices Nifty Bank and Nifty FMCG, which gained up to 0.58 percent and 0.53 percent, respectively.
Nifty Metal, on the other hand, displayed weakness by dropping as high as 0.8%
Moreover, TCS is scheduled to announce its first-quarter (Q1) earnings season for the financial year 2022-23 (FY23) later in the day.
\Besides foreign portfolio investors sold Indian shares worth Rs.50,203 crore in June, making it the worst net outflow in over two years, on an aggressive rate hike by the US Federal Reserve, rising inflation accompanied by the higher valuation of local equities. This also marked the 9th consecutive monthly withdrawal by FPIs.
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