The market was also cautious in the run-up to the December US consumer inflation data scheduled on January 11, after the country s jobs data for the month turned out to be stronger than expected. These economic readings could be some of the key factors determining the US Federal Reserve s upcoming monetary policy actions.
Stocks that were in focus included names like Century Textiles, which rose 0.84%, HAL, which jumped 3.30%, and Tata Steel, whose shares declined 0.8% on Friday.
"Benchmark indices ended the first week of 2024 with minor losses, and the midcap index ended the week with gains for the second consecutive week. Sectoral indices ended the week on a mixed note. Eight out of 12 sectors rose while four declined. The realty sector was the top gainer, rising more than 7%," Arvinder Singh Nanda, Senior Vice President of Master Capital Services, said.