This week, investors will closely watch the quarterly results of major companies, India’s infrastructure output, bank loan growth, deposit growth, and the US Fed interest rate decision.
Subdued start to the result season by IT sector combined with uptick in crude oil prices affected the broad market trend. However, the benchmark indices logged gains during the week, taking comfort in easing domestic inflation. During the week, around 58 smallcap stocks offered double-digit weekly returns with five of them offering over 25% returns.
Indian equity benchmarks ended the passing week with a cut of around half a percent after RBI announced the status quo on the benchmark lending rate amid inflation worries.