S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Indian stocks closed higher on Friday, extending gains from the week as continued optimism over an approaching end to the US-Iran war offset losses from weak quarterly results. The S&P BSE Sensex gained 06% to 78,480 and the NSE Nifty 50 rose 0.7% to 24,360, with each gaining around 1% this week. US President Trump continued to signal that the war with Iran may end soon as both countries may continue negotiating this week. Such a move would trigger a bout of support for Indian assets, particularly for foreign investors, as restored oil supply would support domestic purchasing power, limit the risk of rate hikes by the Reserve Bank of India, and support the rupee as forex outflows would be capped. Fast moving consumer goods led the Friday session with Hindustan Unilever, Nestle India, and Reliance Industries adding more than 2%. On the other hand, Wipro fell 3% after posting a subdued outlook for this year. Also, HDFC Life fell 3.2% on a drop in new quarterly business.
