Key Points
Despite a subdued beginning to the week, Indian equity markets continued their resilient rally, unlike other Asian peers, buoyed by weaker-than-expected inflation data from the US...
Largecaps gained traction during the week, with mid and small caps seeing some profit booking, driven by valuation gaps...
The number of smallcap stocks that rose in double digits came down for the second consecutive week..
During the week, heavy buying in the banking sector helped broader indices inch towards new heights, countering the subdued beginning of the week characterised by concerns over elevated valuations and higher exchange margin requirements...
"Sectors such as metals, FMCG, and capital goods are anticipated to gain momentum driven by robust construction demand, an order backlog, rural revival prospects, and India's narrowing trade deficit..
