India Benchmark Indexes extended their gains in the final week of 2023. The current account gap narrowed in the fiscal second quarter after the merchandise goods deficit shrank from a year ago.
Stocks in Mumbai traded volatile in the final week of 2023, and rising coronavirus cases kept investor enthusiasm in check. Crude oil prices were in focus amid elevated tensions in the Red Sea.
Stocks in Mumbai and Asia edged higher tracking gains on Wall Street in overnight trading. Crude oil prices advanced for the third week in a row amid rising tensions in the Red Sea.
Stocks in India lacked direction, and the Indian government bond yield edged lower. The Bank of Japan held its ultra-loose monetary policy intact, and the benchmark indexes in Hong Kong continued to slide lower.
Stocks on Dalal Street edged lower and markers in Asia traded down ahead of monetary policy decisions from the Bank of Japan and the People's Bank of China.
Stocks advanced weekly gains, and large, mid, and small cap indexes jumped. Market indexes are set to close higher for the eighth week in a row on interest rate and economic growth optimism.
Stocks in Mumbai faced selling pressure after consumer inflation rebounded to a 4-month high and foreign investors lowered their stakes in pharmaceuticals and banks.
Stocks in Mumbai lacked direction, but benchmark indexes retained an upward bias in early trading. Investors turned cautious ahead of rate decisions from major central banks later in the week.
Stocks in Mumbai traded higher following the market rally in the previous six consecutive weeks. The Hang Senge Index in Hong Kong dropped to a 14-month low after consumer prices in China declined at the fastest pace in three years.
