Indian equities closed higher with gains of 0.25% on Friday, settling above 18,530 points, led by gains in the realty and metal pack and supported by positive global market sentiment. Auto stocks rose due to strong sales numbers for May, leading to market volatility. Analysts predict that markets will lack clear direction and remain sideways, with the Nifty finding support at levels of 18,450-18,500 and resistance at levels of 18,650 and 18,800. On Monday, US stocks closed higher on easing wage growth in May and the prospect of the Federal Reserve refraining from a rate hike.
