New Delhi, 13 October (H.S.):

The market entered the phase of consolidation, falling moderately in the week ended October 11 amid valuation concerns, the subdued outlook for Q2FY25 earnings, BJP's win in Haryana polls and consistent FII selling.

This was after the severe correction of 4.5 percent seen in the previous week. The change in policy stance by RBI during the week does not indicate the possibility of a rate cut in the near term.

In the coming week starting from October 14, the market is expected to remain consolidative and try to rebound with a fall in volatility.

The market participants will focus on the September quarter earnings, with a focus on market heavyweights, Hyundai's mega IPO from India unit, US retail sales, ECB interest rate decision, China's Q3 GDP, and oil prices.

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Hindusthan Samachar / Nimish kumar