Weekly market update, Nov 22, 2024

Domestic equity benchmark indices snapped its five-week losing streak on a high note, offering relief after weeks of correction. Yet, this came after navigating a highly volatile week marked by geopolitical tensions and renewed concerns surrounding the latest bribery and fraud charges against Adani group. On a weekly basis, the Nifty 50 ended 1.59% higher, and Sensex ended 1.98% higher. Broader market indices, The BSE Midcap and Smallcap ended 1.67% and 0.44% higher, respectively. On sectoral front, On the NSE, eight sectors advanced this week, three declined, and one remained flat. The NSE Nifty Realty rose the most, while the NSE Nifty Media declined the most.

In the last week of November, Analysts expect that investors will closely monitor key market triggers, including assembly election results, foreign fund outflows, Russia-Ukraine geopolitical tensions, US bond yields, the US dollar, crude oil prices, global cues, and domestic and global macroeconomic data.

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