Indian stocks edge up, but not without bumps
This week, Indian stock markets managed to squeeze out some small gains—Nifty 50 crept up by 0.3% to 26,042, and Sensex nudged higher by 0.13% to close at 85,041.45.
Both slipped around 0.4% on Friday, but overall held steady despite a short trading week and plenty of uncertainty.
What's moving the markets?
Foreign investors took some profits off the table, partly because the US-India trade deal is still in limbo and US economic signals are strong.
Plus, with New Year's coming up in the US, things could stay a bit slow for a while.
On the sector front: metals were the star performers thanks to pricier copper and zinc (up 2.3%), while capital goods and utilities also saw modest gains.
Meanwhile, consumer durables and banking stocks saw more selling than buying this time around.
Globally though, India lagged behind Taiwan's Taiex and South Korea's KOSPI—both jumped nearly 3%.