As the wedding season kicks in, industries like jewellery, apparel, hotels, and aviation are poised to see an upsurge in activity. Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services, anticipates a return of momentum in the market next week, with investors closely watching economic data such as GDP numbers for the US, China, and India.
Meanwhile, Vinod Nair, Head of Research at Geojit Financial Services, notes that domestic indices traded with a positive bias throughout the week, with the Federal Reserve adopting a cautious stance. The Indian market experienced some profit booking as investor attention turned to the primary market, marked a set of IPOs scheduled for the week.
Consumer durables and realty sectors saw a surge in demand due to the festive season, while the IT sector struggled in response to weak global data. Despite the RBI’s scrutiny of unsecured lending NBFCs, the banking index demonstrated resilience. The broader picture is one of cautious optimism as various economic indicators influence market sentiments.