Also Read: FPIs pump ₹38,098 crore in Indian equities, debt inflows at ₹13,223 crore; Will the trend continue in FY25? Markets saw buoyancy on the global front triggered a rebound in the final sessions, which aided the index to close in the green. The indices rebounded as bargain hunters stepped in following the announcement from US Federal Reserve indicating a potential series of interest rate cuts throughout the year. Nifty 50 and Sensex prices settled the week at 22,096.75 and 72,831.94 up 0.33 per cent and 0.26 per cent respectively.
A mixed trend on the sectoral front kept the participants occupied wherein realty, auto and metal posted strong gains while IT and FMCG settled in the red. The broader indices also witnessed respite and gained around 1.5 per cent each. ‘’The IT sector faced headwinds driven by global slowdown in spending.
Investors redirected attention towards the realty sector, which emerged as the top performer of the week. The bounce is expected to continue in the short-term as traders punt to buy when the market is trading at oversold territory. However, concerns persisted regarding inflated valuations in mid and small-cap stocks.
Large caps are expected to outperform in the medium term,'' said Vinod Nair, Head of Research, Geojit Financial Services. Also Read: Dividend Stocks: REC, SBI Cards & Payments, CRISIL, among others to trade ex-dividend next week; check full list Week ahead, the primary market will be buzzing as several listings are slated across the small-and-medium enterprises (SME) segment. New new initial public offerings (IPO) across the mainboard and SME segments will open for subscription.
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