Weekly market update, Sep 06, 2024

Domestic equity indices witnessed a surprising decline this week dragged by weak global cues. On the weekly front, the BSE Sensex dropped 1.43 per cent, while the Nifty 50 declined 1.52 per cent. The BSE Midcap index also lost over 1.14 per cent, while the BSE Smallcap index remained relatively flat, showing a mixed performance in the broader indices. On Sectoral front, most sectoral indices declined, energy, metals, and autos were the biggest losers.

Analysts expect that investors will closely monitor key triggers such as domestic and global macroeconomic data, including inflation in India and the US, foreign fund inflows, crude oil prices, and other global cues in the coming week.

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