The Wrap🌯 26 Nov 2023 | A Quiet Week
Your weekly digest of everything important in Indian Stock Market
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Market Consolidates, Bulls in charge, API Pharma and Public Insurance starts momentum
It was a quiet week.
Bulls continue to lead charge and market consolidates. The biggest news at the macro front was the continued decline in global oil prices with oil now firmly below $80/barrel mark.
Closer to home Real Estate continues to be in a strong uptrend with pharma (largely API companies) along with public insurance companies picking up momentum.
Here is a chart for General Insurance Corporation of India and chart for New India Assurance Company (which was the best performer for the week) is in the charts section.
In the absence of any major triggers or upcoming events, I expect the market to continue to consolidate and aim higher in the coming week(s).
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