India Nifty 50 snaps four-session losing streak on Fed rate cut hopes
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India's Nifty 50 index rose 0.58% on Friday, ending a four-session losing streak, driven by soft U.S. inflation data and hopes for Federal Reserve rate cuts. Despite the rise, the index fell 0.3% for the week. Foreign investors turned buyers, and the rupee stabilized. Key stock movements included Reliance Industries' 1.3% rise, Shriram Finance's 3.7% gain, and Groww's 11.6% surge. ICICI Prudential Asset Management closed 19.4% higher after its IPO. The Bank of Japan's rate hike and U.S. inflation data influenced market dynamics.
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