Mumbai, Nov 15
Indian equity markets ended the week on a strong note, with benchmark indices gaining on the resolution of the US government shutdown, supported by strong domestic fundamentals, better-than-expected Q2 earnings, easing inflation and NDA's historic victory in Bihar, according to analysts.
Record-low October inflation reinforced expectations of an RBI rate cut, adding momentum to domestic equities.
According to Vinod Nair, Head of Research, Geojit Investments Limited, sectoral momentum was broad-based, led by gains in IT, Pharma, healthcare and Auto stocks.