Week Ahead: Inflation data, Q4 results, crude oil prices, global cues among key market triggers this week

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but managed to end on a positive note. Weak global cues continue to weigh on the sentiment however, buying in select heavyweights across sectors not only capped the damage but also helped the index to close in the green. Domestic equity benchmarks Nifty 50 and Sensex extended their winning streak and logged a third straight week of gains, with the onset of FY25.

Also Read: Q4 Results Preview | Telecom cos to report moderate growth on ARPU upgrades; Bharti Airtel, Jio to lead the pack Nifty 50 clocked an all-time high of 22,619 and ended the week above the 22,500 mark with a decent gain of 0.84 per cent. The 30-share BSE Sensex rose 596.87 or 0.81 per cent to finish at 74,248.22 and touched a record high of 74,501.73. Mostly key sectors traded in sync with the move and edged higher wherein metal, realty and banking were among the top gainers.

The highlight of the week was the outperformance of the broader indices with the midcap index claimed its record high at 50,000, recording its biggest weekly gain in seven months, while the smallcap index gained over seven per cent. The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) unveiled the first policy decision for FY25 and decided to keep the interest rate unchanged for the seventh time at 6.5 per cent, in line with D-Street estimates. Financial services, the highest weighted sub-index, gained 2.70 per cent this week, its best in four months, led by a rise in top private lender HDFC Bank after it posted a sequential growth in deposits in the March quarter.