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- Free Christmas meals provided to poor
- Bhanu Prakash demands probe into 2023 Parakamani theft case
- Christmas prayers held with religious fervour in Tirupati
- Special trains for the Maha Kumbh Mela from January 5
- Tribal leader Vaba Yogi nominated as DVMC member
- Ola Electric expands network
- NRI deposits soar $11.9 bn in 7 mths
- Positive outlook on FDI inflows in 2025
- EY forecasts 6.5% GDP growth for FY25
- Chicco opens new store
Sectors like jewellery, apparel, hotels, aviation to gain traction with the onset of wedding season
With the onset of wedding season, sectors like jewellery, apparel, hotels, aviation and other related industries are likely to gain traction.
New Delhi : With the onset of wedding season, sectors like jewellery, apparel, hotels, aviation and other related industries are likely to gain traction.
"Next week, we expect some momentum in market to return as investors will take cues from various economic data including GDP numbers for US, China & India," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services. Vinod Nair, Head of Research at Geojit Financial Services, said domestic indices traded within a range throughout the week with a positive bias.
The Fed reserve adopted a cautious stance and the muted trend in European and German markets was also echoed in domestic markets. Declining inflation and recent cooling job data in the US, along with easing US bond yields, attracted foreign funds to the emerging market.
The broader Indian market experienced some profit booking as investor attention shifted to the primary market, marked by a set of IPOs scheduled for the week.
Sectors such as consumer durables and realty took the lead, driven by a strong rebound in festive demand. However, the IT sector showed subdued performance in response to weak global data. Despite the RBI’s scrutiny of unsecured lending by NBFCs, the banking index demonstrated resilience this week, he said.
