Jul 25, 2022, 04:18:10 PM | ANI
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Erasing 6-day gains, Indian stock indices start fresh week with minor losses

After six consecutive sessions of the rally, Indian stock indices took a breather on July 25. It traded marginally low in early trade largely due to profit booking. At 9.42 a.m., Sensex traded at 55,827.45 points, down 244.78 points or 0.44 per cent, whereas Nifty traded at16,653.10 points, down 66.35 points or 0.40 per cent. Indian equity markets recorded their best weekly performance during the past week, supported by renewed buying, especially in banking and IT stocks as well as the return of foreign investments into the Indian markets after months. The latest consistent rally in Indian stocks has made investors richer by over Rs 9 trillion in the week that ended on Friday. The all-India market capitalization rose from Rs 25,190,063.14 crore on July 15 to Rs 26,106,487.37 on Friday, Bombay Stock Exchange data showed. The domestic equity market closed at its highest level in seven weeks, marking its best week since February 2021. Sensex and Nifty during the week rose around 3-4 per cent on a cumulative basis.

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