Weekly roundup: Sensex settles lower, but smallcaps inch up; FII outflows continue

Due to heavy selling pressure witnessed in the last trading session, the market settled the week lower. Key economic data such as Gross Domestic Product (GDP) growth in the September quarter, Nikkei India Manufacturing Purchasing Managers Index (PMI) for November along with decline in November auto sales data disappointed the investors as they continued to take stock of the impact of cash crunch on the economy.    Stock Market Astrology tips

During the week ended December 2, the S&P BSE Sensex lost 86 points, or 0.33%, to settle at 26230.66, while the broader Nifty50 slipped 27 points, or 0.34%, to close the week at 8,087. 

Intraday Trading Tips

Midcap and Smallcap stocks inched up. The BSE Midcap index rose 0.1%, while the BSE Smallcapindex surged 0.4%.   Commodity Trading Tips 

“Despite the market starting the week on a positive note, and continuing its recovery process for most sessions of the week, the headline indices settled lower,” said Rohit Gadia, Founder & CEO, CapitalVia Global Research.   Nifty Trading Tips

“Going forward, 7,950 mark on Nifty is pivotal one and until a break below this level, the market will keep moving higher after brief consolidation at this level. We change our medium term outlook to moderately positive. Sustaining above the crucial 8,200 level will change the outlook bullish and a move above 8,400 will improve the outlook further,” he added.   Future & Option Trading Tips