Weekly Market Quote by Teena Virmani, Vice-president - PCG Research at Kotak Securities

"Markets remained under pressure during the week due to rising crude prices, higher inflation and lower than expected IIP numbers. Volatility was also witnessed on account of impending results of Gujarat and HP elections which to some extent was reversed by the exit poll outcome indicating BJP pulling through both the states.

Going ahead, the focus would be on the election outcome to be declared on 18th Dec along with the winter session of Parliament which has just commenced. Further developments on early implementation of e-way bill will also be watched out for in order to plug tax evasion. Globally, eyes would be on US tax bill related developments as well as on crude prices".

Source : Equity Bulls

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