Week Ahead: Q2 Results, PMI data, auto sales, US Fed Policy, global cues among key market triggers this week

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Also Read: These 10 smallcaps log double-digit rise even as Sensex posts worst weekly decline in a month; do you own? Sensex and Nifty have slipped 3.18 per cent and 3.17 per cent in the last seven days, posted their worst weekly decline in one month. During the week, all sectoral indices ended in red with media and metal declining the most. In the broader markets, the domestically focused small- and midcaps have lost 5.1 per cent and 6.4 per cent, respectively in the past six sessions.

However, they are still up 30 per cent and 23 per cent, respectively, so far this year, well above the Nifty's 5.2 per cent increase. In six trading sessions till October 26, Sensex had declined 3,279.94 points. The domestic market has been under pressure in October because of foreign capital outflow, unimpressive July-September quarter results, record-high US bond yields and Middle East tensions.

Nifty 50 is down about 3 per cent this month so far. Market experts highlighted that the frontline indices ended a three-month long consolidation phase, with the tone being bearish for most of the week but some losses were trimmed in the final session. The ongoing unrest in West Asia and concerns over the potential impacts of higher interest rates on future economic growth have resulted in a decline in investor confidence, according to experts.