Weekly market update, Feb 16, 2024

India’s benchmark equity indices managed to edge higher this week following positive global cues. Purchasing across the sectors was witnessed as market participants remained optimistic about the growth outlook of domestic economy. Mixed but not disappointed December quarter earnings of the domestic companies also boosted the sentiments. The NSE Nifty 50 index rose 1.18% this week, while the S&P BSE Sensex gained 1.16%. The broader market indices; The BSE mid-caps added 0.91% while BSE Smallcaps ended flat this week. On sectoral front, Most sectoral indices ended with gains this week except Nifty FMCG, Nifty Media, and Nifty Metal.

Analysts expect that the upcoming week will be crucial from the domestic and technical point of view as Investors will eye several stock market triggers including domestic macroeconomic data, US Federal Reserve minutes-of-the-meeting, crude oil prices, foreign capital inflow, along with global cues.

Please click here to read the detailed report:  https://lnkd.in/gY47UysN