Indian stock markets rebounded after two weeks of profit-taking and gained over a per cent. The week kicked off on an upbeat note, buoyed by positive cues from the global markets. However, volatility ensued as the week progressed, with the markets grappling with uncertainties surrounding mixed earnings.
A sharp surge on Thursday further eased concerns but profit taking in the final session capped the momentum. However, Friday saw a correction at higher levels. The real strength came from the broader market, where mid-cap and small-cap indices surged by around four per cent. Volatile global cues and selling by foreign investors capped gains in large-cap stocks.
Also Read: Nifty 50 May series: 4 stocks where investors can park their money; do you own?
Eventually, both domestic equity benchmarks, Nifty 50 and Sensex, settled at 22,419.90 and…
