Weekly market update, Jan 03, 2025

Domestic benchmark indices rose for second week in a row on Thursday’s gains. Initially, the sentiment was subdued, showing slight improvement in subsequent sessions. However, the real momentum emerged on Thursday, enabling the indices to close higher despite a lacklustre final session. The Nifty 50 and Sensex gained 0.80% and 0.67%, respectively in the week ended on Jan 3. Broader indices outperformed the large caps. BSE Midcap closed 1.32% higher, and BSE Smallcap rose 1.94%. On NSE, eight sectors advanced, three declined, and two remained flat out of 12. The NSE Nifty Auto rose the most, and the NSE Nifty Realty declined the most.

According to market experts, the domestic stock markets, in the upcoming week, will focus their attention on the earnings of companies, foreign portfolio investments data, a host of economic data, Fiscal Year GDP Growth, Index of Industrial Production, and other global cues.

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