Nifty posts biggest weekly jump since July 2017; Sensex ends flat

The benchmark Nifty on Friday ended the week with 2.15 per cent gains, the most since the week ended July 14, 2017. Signs of easing trade tensions between the US and China, coupled with lowering of inflation forecast by the Reserve Bank of India (RBI), had buoyed investor sentiment.

However, global stock markets edged downwards on Friday after US President Donald Trump’s threat to impose an extra $100 billion in tariffs on China exacerbated fears of a more serious trade dispute, while the dollar paused ahead of crucial US payrolls data.

The Nifty gained on all but one occasion during the week.