Market remains unchanged for the week amid mixed cues as FII buying continues

Market remained unchanged in the week ended on Friday as it witnessed high volatility on the back of mixed global cues after hawkish US Federal Reserve stance and rising inflation in Eurozone and Japan. On the other hand, better macro data and FII buying provided support at lower levels. Investor sentiment also took a hit after Fed Chair in his address last week flagged the likely need of elevating interest rates to fight inflation.

For the week, BSE Sensex shed 30.54 points to close at 58,803.33 while the Nifty50 was down 19.4 points to end at 17,539.5 levels. The BSE Small-cap and  Mid-cap Index both rose 1.3 percent respectively in the broader market.

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