Weekly market update, Nov 04, 2022

India’s stock indices extended gains for third straight week, The Sensex ended 1.65% higher at 60, 950, while the Nifty 50 closed 1.86% higher at 18,117. The market rally was broad based as gains were witnessed in the mid cap segment and small cap segment as well. Domestic equity markets rose initially during the week on the back of upbeat domestic macroeconomic data which instilled optimism among market participants regarding the India growth story. However, gains were capped as market participants remained apprehensive regarding the impact of higher interest rates on domestic growth after the U.S. Fed raised interest rates by 75 bps and indicated multiple rate hikes moving ahead. On the BSE sectoral front, all the indices closed in the green. S&P BSE Metal was the top gainer rising by 4.72% followed by S&P BSE Healthcare and S&P BSE Oil & Gas which rose 2.64% and 2.47% respectively.

Analysts expect that markets are expected to be volatile in the coming week, and global worries, inflation, domestic macroeconomic numbers, FPI flows, rupee movement and Q2 results from Tier 2 and Tier 3 companies are likely to guide the markets.

Please click here to read the detailed report: https://youtu.be/S3ol3-1KAMs