In the recent market activity, we observed a range-bound performance with minor fluctuations. The Nifty Bank yesterday closed with a modest gain of around 25 points, while the midcap index rose by approximately 91 points. However, the overall market sentiment saw a dip of 143 points in the Sensex, and the Nifty also struggled to breach the levels around 19,004 to 19,500.In terms of institutional participation, net selling prevailed, with institutions selling over 1,700 crores and buying around 1,500 crores. This suggests that institutions remained net sellers in the market.One significant influence on the global markets was the hawkish comments made by Powell, which affected the US markets. The S&P witnessed a correction, breaking its longest winning streak since 2021, and the Asian markets followed suit. Additionally, oil prices hovered around $79 to $80 per barrel in response to these developments.Despite the Nifty indicating a lower start, macroeconomic factors may provide some supp

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10 Nov 2023