Weekly market update, Dec 15, 2023

Indian benchmark indices surged to record high, and ended higher for seventh consecutive week. The U.S Federal Reserve’s indication of three likely interest rate cuts in 2024 brightened the market mood, aided by broader investor participation, ample liquidity, corporate fund-raising activities, higher public capital expenditure and hopes of political stability. The domestic equity indices Nifty 50 index and BSE Sensex rose about 2.3 per cent in the week. The broader market indices; the BSE MidCap rose 2.57%, while the BSE SmallCap was 2.38% higher. On sectoral front, All sectors advanced this week with the Nifty IT emerging as the top gainer with 7.16% weekly gains.

Analysts expect that markets may consolidate in near term but the optimism on a stronger outlook continues on the back of a liquidity driven rally. Investors will eye a host of stock market triggers in the coming week including the domestic macroeconomic indicators, primary market action, foreign capital inflow, crude oil prices, and global cues.

Please click here to read the detailed report: https://lnkd.in/gVviZesW