Mumbai, Nov 29 (NationPress) The Indian stock market indices have recorded slight gains for the third consecutive week, bolstered by encouraging global indicators, substantial domestic investments, and impressive Q2 earnings.

The benchmark indices, Nifty and Sensex, increased by 0.34 and 0.52 percent respectively this week, finishing at 26,202 and 85,706.

Market analysts noted that international signals remained favorable, supported by lower US yields, renewed hopes for a potential Fed rate cut, and stable crude oil prices that eased inflationary worries.

However, broader indices lagged, with the Nifty Midcap100 and Smallcap100 closing down by 0.11 percent and 0.10 percent respectively.

Leading the gains this week were sectors such as pharmaceuticals, PSU banks, media, and IT, while sectors like real estate, consumer durables, and oil & gas underperformed.

The week was marked by significant events that included volatility, resilience, and profit-taking, ultimately concluding positively.

The Nifty saw an intra-day low of 25,842 before rebounding to hit a high of 26,310 on the last trading day.

Bharat K Gala, President and Technical Head at Ventura, highlighted that traders should monitor key corrective zones, particularly the support range at 25,851–25,566. If breached, the index could drop to 25,337 and further to the 25,107–24,780 zone.

On the domestic front, the unexpectedly strong Q2 GDP performance, driven by resilient manufacturing, robust construction activity, and healthy private consumption, is expected to bolster market sentiment in the near future, according to market analysts.

With strong GDP momentum and improving credit growth setting a positive foundation for earnings acceleration in the second half of the year, the medium-term outlook remains optimistic.

Investors are keenly awaiting next week's vital macroeconomic data, including India and US PMI releases, US core PCE inflation, and the RBI’s policy decision.