The Fed minutes and the US consumer inflation data, sobered the dovishness of the CME Fedwatch further
The 34% yoy growth in mutual fund folios in September 2024 shows that mutual funds are genuinely going mass retail
The big triggers for markets in the coming week will be the India CPI inflation and the trade deficit data
In Asia, Japanese markets were closed for a holiday, while Taiwan's markets fell by 0.5%. Conversely, the Kospi gained 0.5%.
The euro fell 0.13% to $1.0922, while the pound dropped over 0.2% to $1.3043. The dollar remained unchanged against the Japanese yen at 149.20.
FPIs withdrew $(3.76) Billion this week, on top of $(3.12) Billion of selling in Indian equities in the previous week
The FPI selling continued unabated, but domestic support allowed the Nifty and Sensex report subdued losses
The BSE midcap and smallcap indices saw a rise of 0.4% each.
Spot gold declined 0.4% to $2,646.75 per ounce, after climbing 1% the previous day. US gold futures fell 0.5% to $2,663.90.
With risk off flows out of India, the rupee weakened further and closed beyond ₹84/$ this week

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