Positive global cues, continued FPI purchasing and falling crude oil prices boosted sentiment. The Nifty finished nearly 17,700 mark. The Sensex gained 1074.85 points, or 1.84%, in the week ending Friday, August 12, 2022, to conclude at 59,462.78. The Nifty 50 index rose 300.65 points, or 1.73%, to 17,698.15.

The BSE Mid-Cap index gained 1.17% to 24,765.05. The BSE Small-Cap index increased 1.09% to 27,905.91.

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How equity benchmarks performed on a weekly basis:

Monday, August 8, 2022 

The benchmark indices finished around the day’s high with significant gains, mirroring bullish global indications. The S&P BSE Sensex increased 465.14 points, or 0.80%, to 58,853.07. The Nifty 50 rose 127.60 points, or 0.73%, to 17,525.10.

Tuesday, August 9, 2022

Due to Muharram, the domestic stock market was closed on Tuesday, August 9, 2022.

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Wednesday, August 10, 2022 

Following a lacklustre day on Wednesday, the benchmark indexes finished at the flat line. The S&P BSE Sensex fell 35.78 points, or 0.06%, to 58,817.29. The Nifty 50 index increased by 9.65 points, or 0.06%, to 17,534.75.

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Thursday, August 11, 2022 

Stocks rose as softer-than-expected US inflation data soothed concerns about the Federal Reserve’s rapid rate rises. The S&P BSE Sensex advanced 515.31 points, or 0.88%, to 59,332.60. The Nifty 50 rose 124.25 points, or 0.71%, to 17,659.

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Friday, August 12, 2022 

The major market indices finished the turbulent day with modest gains. The S&P BSE Sensex increased 130.18 points, or 0.22%, to 59,462.78. The Nifty 50 index increased by 39.15 points, or 0.22%, to 17,698.15.

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What happened in the Global markets:


India’s retail inflation eased to 6.71% in July from 7.01% in the previous month, helped by a lower rise in food prices, according to government data released on Friday. It has slipped lower than 7% for the first time in four months. Inflation has been decelerating for the past four months, it touched a high of 7.78% in April. The overall food inflation was at 6.75% in July as compared to 7.75% in the preceding month. The inflation rate for vegetables came in at 10.9% in July.

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China released trade figures for July over the weekend, showing that dollar-denominated exports increased 18% year on year. China’s dollar-denominated imports grew 2.3% in July compared to the same period in 2021, falling short of the 3.7% growth forecast. China’s consumer price index (CPI) increased by 2.7% year on year in July, following a 2.5% increase in June. The producer price index (PPI), which measures the prices that factories charge wholesalers for their products, increased by 4.2% in July, compared to a 6.1% increase in June.

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United States

America’s employers added a remarkable 528,000 jobs last month, regaining every job lost during the coronavirus crisis, defying fears of a potential recession and roaring inflation. Unemployment has dropped to 3.5%, the lowest level since the pandemic began in early 2020. Job creation in July increased from 398,000 in June to the highest level since February. The US consumer price index increased 8.5% year on year in July, a slower yearly gain than in June, as inflationary pressures subsided due to reduced gasoline costs.

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The Consumer Price Index (CPI) was steady in July after rising 1.3% in June, according to the Labor Department. Producer prices in the United States declined unexpectedly in July, owing to a reduction in the cost of energy items. According to the Labor Department, the producer price index for final demand fell 0.5% last month, the first negative monthly reading since April 2020. In June, the PPI increased by 1.0%.

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Consumer price inflation in Germany for the final month of July came in at 7.5% annually and 0.9% monthly, according to official data released on Wednesday.