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Below the Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker

This week, global trading turbulence impacted India's major indices, the Sensex and Nifty, resulting in declines. Similarly, today, both indices exhibited slight fluctuations within a narrow range before ending positively, with the BSE Sensex rising by 167.06 points to 71,595.49, and the NSE Nifty gaining 64.55 points to close at 21,782.50. However, mid- and small-cap indices registered notable declines, signaling a cautious approach towards broader indices due to their high valuations.

Looking ahead to the next week, the market seems cautious ahead of the release of inflation data from the US, UK, and India, coupled with a gradual increase in the US 10-year yield.

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