Nifty, Sensex Struggling to head higher - Weekly Closing Report

In a persistent trend, markets maintained a consolidated range, closing flat in yet another session today. Despite this, both benchmarks made a fourth consecutive weekly gain, primarily fueled by anticipations of a peaking interest rate scenario in the U.S. and Europe. In global market highlights, the Eurozone composite PMI showed a marginal uptick to 47.1 in November 2023 from a near three-year low of 46.5 in October 2023.

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