Key benchmark indices closed higher week-on-week basis, inspite of closing in the red today. The Sensex garner weekly gains of 269.46 points or 1.21% to settle at 22,628.96. The 50-unit CNX Nifty garners 81.95 points or 1.22% to settle at 6,776.30. Both Sensex & Nifty fell today and closed in the red ahead of quarterly earnings and inflation data due next week.
Data today showed the trade deficit widening to $10.51 billion in March from $8.13 billion in February on lower exports. Industrial production unexpectedly shrank 1.9 percent year-on-year in February, against an expectation of 0.9% growth. The growth in January's output was revised up to about 0.8 percent on year from 0.1 percent earlier. The market breadth, indicating the overall health of the market, was positive, but in Nifty50 stocks the advances to declines stands at 19 advances to 31 declines.
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