By Dharmesh Shah
Week that was – The equity benchmarks extended gains for the third week in a row as rate sensitives led the rally amid lower inflation data. Nifty closed the week at 17828 levels up 1.3%. Broader markets relatively outperformed as Nifty Midcap and Small cap indices gained 1.75% and 1.5%, respectively. Reset in inflation and rate cycle expectations led Auto, and Realty to gain over 3% each while BFSI and Pharma continued to rally for the third week with >2% gains