Equity benchmarks rebounded in last hour of trade, but ended flat supported by index heavyweights Reliance Industries, HDFC Bank and Infosys. The indices were up 1% for the week.
Global stocks remaind subdued after North Korea fired another missile over Japan into the Pacific Ocean on Friday, in a sign that Pyongyang remains defiant despite tightening international sanctions.
The launch happened early on Friday after US markets had been shut for the day. European shares were also trading lower for the day.
However, most analysts feel that the threat to stability for the Indian equity markets is mostly from the global geopolitical situation that can see the markets perform in tandem with peers. That said, the reaction, however, they feel will be short-lived and investors should use any decline to buy stocks from a medium-to-long term perspective.
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