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Below the Quote on Weekly Market Outlook  by Vinod Nair, Head of Research, Geojit Financial Services

"The domestic market remained marginally positive this week, albeit with a temporary blip in momentum due to a lack of fresh triggers. Nonetheless, mid and small-cap sectors demonstrated outperformance, as sentiment has enhanced again for growth-based stocks. The outcome of the FOMC meeting was hawkish; market expectations have shifted from two rate cuts in CY24 to just one. However, the stability of US inflation provided some relief. Domestic CPI data suggests a gradual decline in inflation. Though the last mile towards the inflation target remains sticky, given the expectation of a normal monsoon, investors are hopeful that the MPC will be one step closer to the easing cycle.

Following strong IT sector returns last week, heavyweights and FMCGs experienced selling pressure. However, all other sectors maintained positive performance this week, with real estate notably outperforming based on government spending announcements in rural areas. In the upcoming week, attention will be on the release of industrial production data from India, China, and Eurozone inflation as investors seek insights into the economic outlook of these countries."

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