Weekly market update, Nov 10, 2023

The India benchmark indices logged its second weekly gain supported by declining US bond yields and lower crude oil prices. The S&P BSE Sensex rose 0.84% and NSE Nifty 50 was higher by 1.01% this week. The broader market indices outperformed larger peers; the S&P BSE MidCap Index was up 2.62%, whereas S&P BSE SmallCap Index was 2.10% higher. Most sectors advanced this week with Nifty Pharma Index gaining over 4%, followed by Nifty Realty, and Nifty Metal.

Analysts believe that Investors will eye a host of stock market triggers in the coming week including the last set of the second quarter results of current fiscal (Q2FY24), domestic and global macroeconomic data, foreign capital inflow, and global market cues.

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