Weekly market update, Jan 05, 2024

The Indian benchmark indices ended on a flat note this week, tracking weak global cues and Investors are also staying cautious ahead of results season. The benchmark S&P BSE Sensex fell 0.30%, and the NSE Nifty 50 declined 0.09% this week. The broader market indices; the BSE Midcap rose 2.35% and the BSE Smallcap gained 2.68%. On sectoral front, Sectoral indices ended on a mixed note this week. Eight out of 12 sectors rose, while four declined. Nifty Realty emerged as the top gainer among sectoral indices.

Analysts expect that the upcoming trading week, is poised to be influenced by several factors, including the commencement of the third-quarter earnings season, inflation data, oil prices, FII flows and other specific triggers affecting individual stocks.

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