Cooling crude prices drive weekly gains; Street expects Q2 earnings recovery

Nifty 50 closed at 24,056, up 0.1% on the day and about 0.4% for the week, while Sensex ended at 77,100.47. Brent crude fell for a fourth straight session to around $72.4 a barrel, easing inflation concerns for India, with the Nifty Auto index gaining 2.3%. Analysts expect Q1 earnings to remain tepid but margins and profitability to improve from Q2 onwards, while FPIs bought shares worth a net Rs 383.8 crore on Thursday.