The Indian stock market performance is mixed this week

Mumbai, May 24 (IANS). The Indian stock market concluded with lethargy this week, as investors are struggling with global uncertainties and watching the view of major domestic events. The Indian benchmark indices saw up and downs, the Sensex and the Nifty remained in a limited series before being closed with a slight decline. The Nifty closed 24,853.15 and the Sensex at 81.721.08, reflecting the cautious spirit of investors. According to those who monitor the market, dull performance was recorded due to a combination of global and domestic factors. Ajit Mishra, senior vice president (research), Railways Broking Limited, said: “On the world front, the concerns about the increase in US bond yields and the US growing debt burden promoted the foreign portfolio evacuation, which increased the pressure on emerging markets, including India.” In addition, speculation about favorable developments in the US China trading transaction has increased concerns about possible capital withdrawal or low flow in Indian markets, causing the sentiment worse. He said the delay in finalizing the mixed corporate income and the final form of Indo-American trade agreement on the domestic front increases uncertainty, promoting profits and vigilance among the market participants. This week, the sectoral performance was also mixed. Reality and metal remained the top performance sectors for the second consecutive week. While caring, IT and FMCG sector has decreased. In broader indices, the smallcap segment recorded an increase of about half a percent, while the middle point closed with a slight decline. On the thematic front, the selected shares of the defense sector were interested in shopping. According to analysts, the expectation of a normal monsoon, which is favorable for agricultural productivity and the fall in crude oil prices is likely to reduce inflationary pressure. In the coming week, a record dividend transfer of Rs 2.7 Lakh Crore will be done by the RBI to the government. Market participants will respond to its impact on fiscal policy. In addition, experts said that the release of India’s industrial and manufacturing production data for April is scheduled for May 28. The first -quarter GDP growth data will also receive information on the direction of economic improvement. -Ians skt/abm