IANS | 26 Nov, 2023
With the onset of wedding season, sectors like jewellery, apparel,
hotels, aviation and other related industries are likely to gain
traction.
"Next week, we expect some momentum in market to return
as investors will take cues from various economic data including GDP
numbers for US, China & India," said Siddhartha Khemka, Head -
Retail Research, Motilal Oswal Financial Services.
Vinod Nair,
Head of Research at Geojit Financial Services, said domestic indices
traded within a range throughout the week with a positive bias.
The
Fed reserve adopted a cautious stance and the muted trend in European
and German markets was also echoed in domestic markets. Declining
inflation and recent cooling job data in the US, along with easing US
bond yields, attracted foreign funds to the emerging market.
The
broader Indian market experienced some profit booking as investor
attention shifted to the primary market, marked by a set of IPOs
scheduled for the week.
Sectors such as consumer durables and
realty took the lead, driven by a strong rebound in festive demand.
However, the IT sector showed subdued performance in response to weak
global data. Despite the RBI’s scrutiny of unsecured lending by NBFCs,
the banking index demonstrated resilience this week, he said.