New Delhi, Dec. 26 -- Indian markets ended the week marginally higher amid sustained profit-booking and thin year-end trading in a truncated week. The Nifty 50 and Sensex fell about 0.4% on Friday to close at 26,042 and 85,041.45, respectively. Despite this decline, the Nifty snapped a three-week losing streak to finish up 0.3% for the week, while the Sensex broke a two-week slide, ending 0.13% higher.
With limited fundamental support for a sustained rally, profit-booking at higher levels has begun to sap market strength, said V K Vijayakumar, chief investment strategist at Geojit Investments. Foreign portfolio investors (FPIs) continue to sell into rallies, aided by stronger macro cues from the US, while delays in the anticipated US-Ind...
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