Weekly market update, Jun 21, 2024

The Indian stock markets exhibited positive trends and continued to consolidate for another week ending almost unchanged amidst mixed cues. On the weekly front, The NSE Nifty 50 rose 0.15% and the S&P BSE Sensex gained 0.28% this week. Broader indices, The BSE Midcap ended 0.20% lower, and the BSE Smallcap ended 1.44% higher. On sectoral front, it was mixed. The Nifty Bank gained 3% for the week and emerged as a top sectoral gainer, while Nifty Auto was the worst performer.

Analysts expect that Indian equity markets will be guided by domestic political developments, weather conditions, macroeconomic cues, any Union budget related, foreign fund inflow, crude oil prices, and key global indicators like the US core inflation figures in the upcoming week.

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