Weekly market update, Feb 10, 2023

India’s benchmark indices after rising on a positive budget last week, ended the volatile week mixed as Adani Group stocks extended their decline. The Sensex was down 0.26% and Nifty 50 was higher by 0.01% this week. Among the broader market indices, The BSE Midcap and Smallcap indices rose by 1.81% and 1.44%, respectively. On the sectoral front, BSE Metal and BSE Power index witnessed sharp correction, whereas BSE Healthcare, BSE IT, BSE capital goods, and BSE Realty reported gains this week.

Analysts expect that in the domestic equity markets this week, trading activity will be largely driven by inflation data, trends in global markets, foreign fund movement, movement of crude oil, the dollar index, and US bond yields. 

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