Week Ahead: Exit polls, GDP data, F&O expiry, auto sales, among key market triggers this week

livemint.com:

global market cues with crude oil prices. Markets consolidated in a narrow range and ended marginally higher, taking a breather after the recent surge. After the muted start, the benchmarks tried to regain strength in the following sessions but mixed signals from the global front and divergence among the heavyweights capped the move.

On the weekly front, the BSE benchmark climbed 175.31 points or 0.26 per cent, and the Nifty advanced 62.9 points or 0.31 per cent. The more domestically focussed small-caps lost 0.39 per cent this week, and no longer outperformed the blue-chips. Small- and mid-caps have gained 42 per cent and 33 per cent, respectively, so far in 2023, outperforming a 9.33 per cent rise in Nifty 50.

Also Read: IPO pulse grips D-Street: ₹2.59 lakh crore gathered by 5 issues in week-long bidding frenzy On Friday, Sensex and Nifty 50 ended flat weighed down by a slide in information technology (IT) and fast-moving consumer goods (FMCG) stocks in the midst of mixed global cues. The 30-share BSE Sensex ended lower by 47.77 points or 0.07 per cent at 65,970.04 level on November 24 while the Nifty 50 closed at 19,794.70 level, down 7.30 points or 0.04 per cent. Despite the lack of significant movements, the Nifty 50 managed to extend its weekly winning streak, closing just below the 19,800 mark.

The Nifty 50 has settled above 19,600 levels in every session since November 14, but has faced resistance at 19,800-19,900 levels. On the broader market front, the Nifty Midcap 100 closed flat, while the Nifty Smallcap 100 closed 0.30 per cent higher than the benchmark indices. Vinod Nair, Head of Research at Geojit Financial Services said, ‘'The broader market experienced some profit booking as investor attention shifted