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A lackluster week for Indian equity markets but bulls manage to take the lead in the holiday-shortened week. The S&P BSE Sensex rose 0.4% while the Nifty50 gained 0.3 percent for the week ended November 9.
The positive takeaway was that Sensex reclaimed 35000 while the Nifty50 had a touch and go moment with 10,600.
For the week, crucial support for the index is placed at 10400-10450 while on the upside 10600,10700 will act as stiff resistance for the markets.
In the coming week, earnings as well as macro-economic data will dominate sentiments. On the economic front, India's industrial production data for September 2018 and all-India general consumer price index (CPI) inflation data for October 2018 will be declared on Monday.
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