Weekly Market Note By Ajit Mishra, Religare Broking
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/12/32de86edaa59579de5340bfeed012622.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below is the Weekly Market Note By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets managed to extend the recovery for the second consecutive week amid volatility. The beginning was subdued however the latest updates on the new COVID variant being less impactful and RBI’s dovish stance triggered a gradual up move in the following sessions. Amid all, noticeable activity on the primary market front combined with a rebound in key sectors kept the participants busy. Consequently, the benchmark indices, Sensex and Nifty ended with healthy gains of nearly 2% to close at 58,786.67 levels and 17,511.30 levels respectively. Amongst the sector, most indices ended in the positive with realty, metals and capital goods were the top gainers. On the broader market front, midcap and small-cap too ended in the green in the range of 2.1-3%.
The coming week is going to be critical for the markets as we have some important data and events are lined up. First, participants will react to the IIP data on Monday. Both CPI and WPI inflation data are also scheduled in the following sessions. The primary market will see 3 IPOs, HP Adhesives, Data Patterns, Medplus Health Services, opening for subscription next week. Importantly, we have the US Fed meet also scheduled and they will announce the outcome on December 15. Apart from these data, the updates on the global COVID situation will remain on participants’ radar.
Though the fear about the new COVID variant has subsided, we’re still seeing volatility across the globe and expect the trend to continue next week as well. Going ahead, we feel the recovery would remain uneven thus recommend continuing with a positive yet cautious approach. On the index front, Nifty would face resistance around 17,600 and 17,800 zone while on the downside 17,300-17,150 zone would act as a cushion in case of any dip. Since we’re seeing a mixed trend across sectors, the focus should be on stock selection.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/d736065c2dfd9583dee8bd2840591852.jpg)
Daily Market Analysis : Markets traded under pressure and lost over a percent amid feeble g...
![Weekly Market Note : Markets ended 4-week long gaining streak and ended marginally lower, taking a breather after the recent surge by Mr. Ajit Mishra, Religare Broking Ltd.](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/18aa7947a3c4d9a2f617949d22b5d25b.jpg)
![Daily Market Analysis : Markets started the March month on a positive note and gained nearly a percent Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/03/446e88715fd3d911e384db4e951706aa.jpg)
![Weekly Market Analysis : Consequently, the benchmark indices, Sensex and Nifty, settled at 62,181.67 and 18,496.60 levels Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/c58bc61894bbbf4b668895e365444b29.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/11/c416c814d6c8b3a1bad8589117dc3929.jpg)
Daily Market Analysis 10 November 2021 By Ajit Mishra, Religare Broking
![Market Wrap Up : The Indian equity markets have witnessed a splendid day of trade Says Mr. Osho Krishan, Angel One](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/01/f8bd619a6ef0f46531b307c21a3c9aac.jpg)
![Daily Market Analysis : Nifty has finally crossed the hurdle at 19,650 Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/669d30cf67fb5bc5932ab4a825d93232.jpg)
![View on Nifty : Nifty remains strong as the index gained for the third consecutive day Says Rupak De, LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/07/ca9a5850fe8b59374f703eb3fdd39f5c.jpg)