During the past week, the domestic markets remained relatively quiet, with Nifty 50 experiencing a modest 0.32% rise in the absence of significant domestic events. However, a notable trend persisted as Foreign Institutional Investors (FIIs) continued their withdrawal from the Indian markets for the 18th consecutive week, contributing to a negative trend. The ongoing volatility in US bond yields introduced global market uncertainty, prompting FIIs to maintain a net selling position.
In contrast, the week saw heightened activity in the Initial Public Offering (IPO) market, with five mainboard IPOs open for subscription, each garnering positive responses. Meanwhile, discussions surrounding the impact of increased risk weights for banks persisted.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
Inverse Head and shoulder pattern is observed in Reliance. A rising ROC above zero typically confirms an uptrend.
Pfizer breaks Out with Notable Volume Surge. Exhibiting Higher Highs and Higher Lows. RSI at 74 signals bullish momentum.
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