18-11-2023 01:09 PM | Source: Geojit Financial Services Ltd
Weekly market outlook : The domestic markets ended the week on a positive note, buoyed by global cues and favourable Indian macroeconomic indicators Say`s Vinod Nair, Geojit Financial Services

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Below the weekly market outlook from Vinod Nair, Head of Research at Geojit Financial Services.

"The domestic markets ended the week on a positive note, buoyed by global cues and favourable Indian macroeconomic indicators hinting at controlled inflation. Softer-than-expected inflation figures in the US, UK, and at home bolstered investor optimism, fueling hopes for an end to the interest rate cycle. This sentiment propelled gains across the broader market, particularly in small and mid-cap stocks. Confidence in export-oriented sectors like IT and Pharma resurged, anticipating increased spending, while the auto and real estate sectors gained favour during the festival season. Towards the week's end, however, banking stocks were impacted by the RBI's decision to raise risk weights for unsecured loans. Despite this, the market is anticipated to maintain its positive momentum in the short term, supported by declining oil prices and moderating US yields"
 
 
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