Quote on Weekly Market Round Off by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Weekly Market Round Off by Shrikant Chouhan, Head Equity Research, Kotak Securities
Indian equity market sentiments remained positive with both the Sensex 30 and the Nifty 50 index reaching a new high this week. On a weekly basis, BSE 30 and Nifty 50 index gained more than 1%, while the BSE Midcap and the BSE Smallcap index outperformed the large-caps index. Amid the positive market momentum, most of the sectoral indices reported positive gains this week. BSE IT services performed strongly ahead of the upcoming Q1FY25 earnings season. Oil prices has been gradually inching upwards over the past one month, which needs to be monitored.
Over the next few weeks, the key events for the market includes macro factors, Union Budget and the Q1FY25 earnings. Individual stocks will be in focus on Q1FY25 earnings and management commentary over coming few weeks.
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