The bechmark equity indices posted their strongest weekly gain in five months, snapping a two-week losing streak as broad-based buying lifted benchmark indices and all sectoral gauges ended in the green.

The Sensex and Nifty rose nearly 2% each for the week, while the midcap index logged similar gains. Defence and IT shares outperformed, with the defence sectoral index climbing about 4%, marking the week’s biggest sector advance. Thirty-five Nifty stocks ended higher, led by Asian Paints, Adani Enterprises, InterGlobe Aviation and HCLTech. Trent, Bajaj Finance, Tata Steel and Apollo Hospitals were among the top laggards. In the broader market, Samvardhana Motherson, Muthoot Finance, Vodafone Idea and NALCO were the biggest midcap gainers.

Markets extended their upward momentum into Frida

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